Statement of Deviation and Variation as per clause 32 (1) (2) and (3) for the Quarter and Financial Year ended 31st March 2026 duly reviewed and approved by Audit Committee and Board Meeting ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Modern Dairies Ltd has filed its quarterly statement confirming no deviations or variations in the use of funds raised through three capital-raising exercises. The company raised Rs 1,075 lakhs via preferential issue on 13 March 2025, Rs 862.50 lakhs via warrant conversion on 20 March 2025, and Rs 1,050 lakhs via warrant conversion on 26-27 February 2026. All funds were designated for long-term capital base strengthening and company operations. The audit committee and auditors both reviewed the statement and had no comments. For the most recent warrant conversion (Rs 1,050 lakhs), Rs 794.46 lakhs has been utilised so far with no deviation reported.
This is a routine compliance filing indicating proper fund utilisation with no red flags. Shareholders can note that the company is deploying raised capital as intended without any unexplained deviations.