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Awaiting price reaction for this filing.
Oriental Rail Infrastructure has filed a quarterly compliance statement confirming that there has been no deviation or variation in the use of funds raised by the company. The funds, totalling ₹212.20 Crores, were raised through a Preferential Issue on February 22, 2024. The filing is made under SEBI Listing Regulations, with CARE Ratings Limited acting as the Monitoring Agency. The annexure confirms no change in the original purpose or allocation of the raised funds, and the deviation/variation columns are marked 'Not Applicable'.
This is a routine quarterly compliance filing and does not signal any change for shareholders. Confirming no deviation reassures investors that the ₹212.20 Crores raised are being used as originally intended, with no negative impact expected on the stock.