Non-Applicability of Regulation 32.
Awaiting price reaction for this filing.
Alstone Textiles (India) Ltd has submitted an undertaking to BSE stating that Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 does not apply to the company for the quarter ended June 30, 2025. Regulation 32 requires listed companies to report on the use of funds raised through public issues, rights issues, or preferential allotments. The company has confirmed that it did not issue any shares through preferential allotment during this quarter. The filing was signed by Mr. Deepak Kumar Bhojak, Managing Director, on August 5, 2025, from Delhi.
This is a routine compliance filing with no material impact on shareholders or the stock price. It simply confirms that the company did not raise funds via preferential allotment in Q1 FY26, so no disclosure on use of proceeds is required.