NIBE Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Awaiting price reaction for this filing.
NIBE Limited has filed its quarterly Reg 32 compliance statement confirming there is no deviation or variation in the use of funds raised through a preferential issue of equity shares upon convertible warrants. The funds were raised on April 26, 2025, amounting to Rs. 782.99 Lakhs. The proceeds are being utilized for capital expenditure on new and existing manufacturing facilities, funding subsidiaries for capex, and augmenting working capital, in line with the original objects of the issue. The 25% amount received earlier on warrants has been fully utilized towards the stated object. The audit committee and auditors had no comments to make, and no monitoring agency was applicable.
This is a routine regulatory compliance filing with no negative news — the company has used the raised funds exactly as originally disclosed. It is governance-positive but has no direct material impact on the stock price.