Markolines Pavement Technologies Ltd. informed the esteemed exchange about statement of deviation(s) or variation(s) for the quarter ended March 31,2026.
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Markolines Pavement Technologies has filed a 'no deviation' statement confirming that Rs. 2.01 crore raised from conversion of warrants into equity shares has been utilized as per the stated objects. The company issued 1,62,800 equity shares at Rs. 165 per share on three dates in Q1 FY26 (January, February, March 2026), representing the remaining 75% of warrant consideration. These funds were allocated for working capital expenditure, equipment purchase (CAPEX), business expansion, and repayment of existing loans. The Audit Committee reviewed and took the statement on record on May 26, 2026. No deviations, variations, or changes in terms were reported.
Positive signal for shareholders as the company has deployed funds as promised, with no misuse or diversion of capital raised. This compliance filing reduces concerns about fund misallocation and supports transparency in capital deployment.