Statement of Deviation and Variation under Regulation 32 for the quarter ended March 31, 2026
NIBE · price
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NIBE Ltd has filed a quarterly statement confirming there is NO deviation or variation in the utilisation of funds raised via a Preferential Allotment dated March 5, 2026. The company raised Rs 104.48 crore (Rs 104,47,69,000), with Rs 22,495.66 lakh deployed so far — Rs 7,500 lakh used for repayment of existing borrowings, Rs 2,310.66 lakh for working capital, and Rs 12,685 lakh for capital expenditure (yet to be utilised). An amount of Rs 6,37,03,097 remains unutilised in the company's current account as of March 31, 2026. The monitoring agency is CRISIL Ratings Limited. The Audit Committee and auditors have no comments.
No deviation is positive news as it confirms the fund utilisation is proceeding as per the approved objects. The large unutilised balance may reflect early-stage deployment for the new facility construction, and shareholders can monitor future quarters for capex drawdown.