Compliance- Statement of Deviation & Variation (Warrant)
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Awaiting price reaction for this filing.
NHC Foods has submitted its quarterly compliance statement for the quarter ended September 30, 2025, confirming no deviation or variation in the use of proceeds from its preferential allotment of warrants. The company raised Rs. 203.13 lakhs on September 5, 2025, which represents the 25% upfront consideration on the warrants. Of the total planned allocation of Rs. 812.51 lakhs (Rs. 250 lakhs for capex, Rs. 359.38 lakhs for working capital, and Rs. 203.13 lakhs for general corporate purposes), the entire Rs. 203.13 lakhs raised so far has been deployed towards working capital requirements. The statement was reviewed by the Audit Committee, which found no deviations. No monitoring agency was applicable for this issue.
This is a routine compliance filing confirming funds are being used as originally disclosed, which is a neutral-to-slightly-positive governance signal. Shareholders should note that capex and general corporate expenditure buckets remain untouched, so the warrants have not yet triggered any expansion or infrastructure spending.