Statement of Deviation(s) or Variation(s) for the year ended March 31, 2025 under regulation 32 of SEBI(LODR) Regulations, 2015.
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Awaiting price reaction for this filing.
Mish Designs Ltd has filed a regulatory compliance statement confirming that there were no deviations or variations in the use of funds raised through its SME IPO and two preferential issues. The company raised Rs. 839.00 lakhs through the IPO in November 2023, and Rs. 121.50 lakhs each through preferential issues in January 2025 and March 2025, totaling approximately Rs. 1,081.50 lakhs. All funds have been used in line with the originally stated objects, with no changes to allocation. The Audit Committee has no comments, and no monitoring agency was required due to the company's SME status. This is a routine half-yearly compliance filing under SEBI regulations.
This is a neutral-to-slightly-positive routine compliance filing. It reassures shareholders that the company has stuck to its stated purpose for all funds raised, showing financial discipline and good governance, but it carries no new business information that would materially move the stock.