NIBE Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
NIBE · price
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NIBE Limited has filed a statement confirming there is NO deviation or variation in the utilization of Rs 104.47 crore raised through a Preferential Allotment on March 5, 2026. The funds are being used as per the stated objects: Rs 7,500 Lakhs fully utilized for repayment of existing borrowings, Rs 2,310.66 Lakhs out of Rs 2,500 Lakhs utilized for working capital, while capital expenditure and general corporate purpose allocations remain unutilized. An unutilized amount of Rs 6.37 crore remains in the company's current account as of March 31, 2026. The filing is monitored by Crisil Ratings Limited.
Positive signal for shareholders — the company has used the raised funds as intended with no deviations reported. The partial working capital utilization and unutilized capital expenditure funds suggest ongoing deployment plans.