Niraj Cement Structurals Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Niraj Cement Structurals has confirmed there is no deviation or variation in the use of funds raised through four Preferential Issues of equity shares and convertible warrants conducted between January and March 2025, totaling approximately Rs. 87.22 Crores (Rs. 27.75 Cr on 01.01.2025, Rs. 13.57 Cr on 11.02.2025, Rs. 17.49 Cr on 07.03.2025, and Rs. 28.41 Cr on 21.03.2025). The original planned allocation of Rs. 132.76 Crores was reduced to Rs. 103.56 Crores due to under-subscription, with the cost of objects scaled down proportionately as approved by stock exchanges. Of the modified allocation, Rs. 90.82 Crores has been utilized up to 31.03.2025, with Rs. 48.37 Cr fully deployed towards subsidiary investment, Rs. 26.57 Cr towards working capital, and Rs. 7.88 Cr for general corporate purposes. CARE Ratings Limited is acting as the monitoring agency, and the Audit Committee has reviewed the statement with no comments.
This is a routine compliance filing confirming that funds are being used as per the originally stated objects. The full deployment of subsidiary investment funds signals active business expansion, while the lower utilization under general corporate purposes (only ~30% of modified allocation) suggests the company still has flexibility in deploying remaining capital. No material impact on stock price is expected from this disclosure.