Nitiraj Engineers Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Nitiraj Engineers Limited has submitted a statement to NSE under Regulation 32 of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations. This regulation requires listed companies to report any deviations or variations in the use of funds raised through public issues, rights issues, or other preferential allotments compared to the originally stated purpose in the offer document. The filing confirms the company has informed the exchange about such deviations/variations, though specific details on the nature or size of the deviation are not available in the headline. Shareholders may need to review the attached statement for full details on fund utilization versus the original plan.
This is a routine compliance filing under SEBI rules. A deviation report itself is not necessarily negative, but investors should check the attached document to understand whether funds raised were used differently than promised — significant deviations can raise governance concerns.