Statement of Deviation and Variation under Regulation 32 for the quarter ended March 31, 2026
NIBE · price
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NIBE Ltd raised Rs 104.48 crore through a preferential allotment on March 5, 2026. The company has confirmed there is no deviation or variation in the utilization of funds as required under SEBI regulations. Of the total proceeds, Rs 75 crore was used to repay existing borrowings and Rs 23.11 crore was deployed for working capital needs. Capital expenditure for new facilities (Rs 126.85 crore allocated) and general corporate purposes (Rs 25 crore allocated) have not yet been utilized. As of March 31, 2026, approximately Rs 6.37 crore remains unutilized in the company's current account. Crisil Ratings Limited is monitoring the fund utilization.
For shareholders, this is a positive regulatory filing confirming proper fund management with no misuse of proceeds. The significant unutilized amount suggests the company is phasing its capital expenditure plans, and the priority use of funds for debt repayment strengthens the balance sheet.