Statement of Deviation and Variation as per clause 32 (1), (2) and (3) for the Quarter and Nine Months Ended on 31 December 2025 duly reviewed and approved by Audit Commitee and Board Meeting ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Modern Dairies Ltd has filed a statement confirming no deviation or variation in the use of funds raised through two routes in March 2025. First, a preferential issue on 13 March 2025 raised ₹1,075 lakhs, of which the entire ₹1,075 lakhs was utilised during the quarter ended 31 December 2025. Second, a warrant-to-equity conversion on 20 March 2025 raised ₹862.50 lakhs, with the full amount utilised. Both fund raises were aimed at strengthening the company's capital base and supporting operational needs. The statement was reviewed by the Audit Committee and Board on 14 February 2026, with no comments from auditors.
For shareholders, this is a routine compliance disclosure confirming that the company has used the funds raised in line with stated purposes, with no misuse or diversion. It is a neutral filing and unlikely to have any meaningful impact on the stock price.