Compliance- Statement of Deviation or Variation for proceeds of Warrant allotment & conversion
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Awaiting price reaction for this filing.
NHC Foods Limited has confirmed that the Rs. 8.125 crore raised through preferential issue of warrants has been fully utilized for the originally stated purposes with no deviation or variation. The funds were raised in three tranches via warrant conversions on September 5, 2025, October 27, 2025, and December 24, 2025. Of the total, Rs. 2.50 crore was used for capital expenditure (manufacturing facilities, machinery, infrastructure), Rs. 3.59 crore for working capital needs, and Rs. 2.03 crore for general corporate purposes. The audit committee reviewed and approved the statement, confirming that the company has stuck to its disclosed plan for using the money.
This is a routine compliance disclosure that should reassure investors that management is deploying raised capital as promised, with no misuse or change in purpose. Neutral to mildly positive for stock sentiment, as it signals financial discipline and transparency.