Statement of Deviation and Variation as per Clause 32(1), (2) and (3) for the quarter and half year ended on 30th September 2025 duly reviewed by Audit Committee and Board Meeting held ....
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 quarterly compliance statement confirming there is no deviation or variation in the use of funds raised. For the preferential issue, the company raised Rs. 1,075 lakhs on 13 March 2025 against an original allocation of Rs. 4,300 lakhs, and utilized the full Rs. 1,075 lakhs in the quarter for long-term funds and strengthening the capital base. Separately, Rs. 862.50 lakhs was raised on 20 March 2025 through conversion of warrants into equity shares, of which Rs. 661.26 lakhs was utilized during the quarter for the same stated purpose. Both statements were reviewed by the Audit Committee and Board of Directors on 10 November 2025, with no comments from the auditors or the Audit Committee.
This is a routine regulatory disclosure confirming the company has used the recently raised funds in line with the stated objects, with no misuse or diversion. For shareholders, this signals proper compliance and disciplined capital deployment, though it does not directly affect the stock price.