Announced Wed, 5 Aug · 10:08 IST
NECCLTD reports deviation in use of rights issue funds for Q1FY27
NECCLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-4.4%1-day move
₹15.90
prior close
₹15.70
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-3.7-3.7+0.0-0.3-4.4-3.6-5.1-8.7-6.3-4.7+12.8+22.2——
Up moveDown movePending
AI summary
NECCLTD filed a Q1FY27 statement under SEBI LODR Reg 32 confirming deviation in use of rights issue proceeds. Original warehouse allocation of 64.47 reduced to 21.09, while new objects added include 8.44 investment in SG Logistic, 1.47 unsecured loan repayment, and 1.57 term loan repayment. General corporate purpose allocation rose from 15.8 to 20.33. Audit committee and auditors raised no comments.
Likely market impact
Fund reallocation from warehouse construction to new investments and loan repayments may shift original growth plans and affect shareholder expectations.