Submission of Statement of Deviation or variation under Regulation 32 of SEBI(LODR) Regulation, 2015
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Moongipa Capital Finance Ltd has filed a Nil Statement of Deviation with BSE confirming no deviation or variation in the use of proceeds from its Rights Issue. The company raised ₹1,527.40 Lakhs through a Rights Issue with allotment date of January 02, 2025. The funds have been fully utilized in the quarter ended June 30, 2025, as per the objects stated in the Letter of Offer dated November 27, 2024. The statement has been reviewed by the Audit Committee and confirmed with no comments or objections. This is a routine compliance filing for the quarter ended March 31, 2026.
Positive signal for shareholders as the filing confirms that the company has properly utilized the ₹15.27 crore raised through the rights issue as committed. No deviations mean funds were deployed according to the disclosed objects, maintaining transparency.