Statement of deviation(s)/variations(s) of funds for quarter ended March 31, 2025.
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Awaiting price reaction for this filing.
Oriental Rail Infrastructure Ltd has submitted a compliance filing confirming there has been no deviation or variation in the use of funds raised through a preferential issue. The company had raised ₹180.51 Crores on February 22, 2024, under Chapter V of the SEBI ICDR Regulations. Care Ratings Limited is acting as the monitoring agency for these funds. The filing, submitted under Regulation 32 of SEBI Listing Regulations, states that the funds have been utilized as originally disclosed, with no changes in objects or amounts.
This is a routine compliance disclosure and is largely neutral for shareholders. It reassures investors that the ₹180.51 Crores raised through the preferential issue has been used as per the disclosed purpose, with no misuse or diversion of funds, which reflects positively on corporate governance.