Statement of Deviation/Variation in utilisation of the funds raised under Regulation 32 of SEBI (LODR) Regulation, 2015
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Manglam Global Corporations Ltd has filed a quarterly compliance statement confirming there is no deviation or variation in the use of funds raised through a preferential issue on 4 March 2024. The company had raised Rs. 2.52 crore, earmarked for working capital (Rs. 1.64 crore) and general corporate purposes (Rs. 88.30 lakh). The statutory auditors have confirmed that there is no deviation from the initial purpose for which the funds were raised. The Audit Committee has noted and approved the statement. For the quarter ended 31 March 2025, the reported deviation/variation amount is zero against both objects, with no monitoring agency applicable.
This is a routine regulatory compliance filing and is largely neutral for shareholders. The clean auditor confirmation of no fund diversion is mildly positive on the governance front, indicating the company has stuck to the disclosed use of proceeds.