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 its quarterly statement confirming no deviation or variation in the utilization of funds raised through a Preferential Allotment completed on March 5, 2026. The company raised Rs 104.48 crore (approximately Rs 104.47 crore) with Crisil Ratings Limited appointed as the monitoring agency. Of the total funds, Rs 75 crore was allocated for repayment of borrowings (fully utilized) and Rs 25 crore for working capital (Rs 23.11 crore utilized). Capital expenditure for new facilities and GCP (general corporate purpose) remain unutilized at Rs 0. An unutilized balance of approximately Rs 6.37 crore remains in the company's current account as of March 31, 2026. Both the Audit Committee and auditors have stated no comments required.
This is a positive compliance filing indicating the company is on track with its stated fund utilization plans. The partial utilization with funds still in the current account suggests the company is deploying capital in a phased manner, which is typical for capital expenditure projects and working capital cycles.