Please Find attached herewith Statement of Deviation for the quarter ended 31/03/2026
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MRP Agro Limited has filed a Statement of Deviation/Variation under SEBI Regulation 32(1). The company raised Rs. 5.09 crore (Rs. 509.25 lakhs) through conversion of warrants into fully paid-up equity shares on March 2, 2026. The funds were allocated for working capital requirements. The filing explicitly states there is NO deviation or variation in the utilization of funds. Both the Audit Committee (meeting held May 29, 2026) and independent auditor A Y & Company have confirmed that the entire Rs. 5.09 crore has been fully utilized for the stated purpose with zero unutilized amount remaining.
This is a routine compliance filing with no adverse implications for shareholders. The company has properly deployed the raised capital as intended, which is a positive indicator of fund management discipline.