Compliance- Statement of Deviation & Variation
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NHC Foods Ltd has filed a quarterly compliance statement under SEBI Regulation 32 confirming that there is no deviation or variation in the use of proceeds from its Rights Issue. The company raised Rs. 47.42 crores via the Rights Issue allotted on December 23, 2024. As of the quarter ended September 30, 2025, the company has fully utilized Rs. 25 crores for working capital and Rs. 15 crores for repayment of secured loans, along with Rs. 0.42 crores in issue-related expenses. For general corporate purposes, Rs. 5.17 crores out of the allocated Rs. 7 crores has been utilized so far. The Audit Committee has reviewed the statement and has no comments, and auditors also have no observations.
This is a routine regulatory compliance filing that confirms the company is using its Rights Issue funds in line with what was originally disclosed to shareholders. The nearly complete utilization (around 96% of Rs. 47.42 crores) signals disciplined deployment of capital. Investors should note that Rs. 1.83 crores earmarked for general corporate purposes remains unutilized, though this is not flagged as a deviation.