Submission of Non _applicability of Statement of Deviation and Variation
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Awaiting price reaction for this filing.
Misquita Engineering Ltd has submitted a confirmation to BSE stating that there has been no deviation or variation in the utilization of proceeds raised through its Initial Public Offer (IPO) and Preferential Issue of Equity Shares. The company has declared that the Statement of Deviation or Variation for the quarter ended March 31, 2026 is not applicable. This filing is pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company operates as a manufacturer of precision machined components based in Goa.
This is a routine compliance filing indicating that the company utilized its IPO and preferential issue proceeds as intended without any deviations. This is a neutral-to-positive signal for shareholders, demonstrating proper fund deployment and adherence to stated objectives.