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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Oriental Rail Infrastructure Limited has submitted its quarterly statement confirming no deviation or variation in the use of funds raised through a Preferential Issue. The company had raised ₹212.20 Crores on February 22, 2024, under SEBI (ICDR) Regulations, 2018. CARE Ratings Limited is acting as the Monitoring Agency for the issue. The statement, filed under Regulation 32 of SEBI Listing Regulations, confirms that the funds have been utilised in line with the original objects disclosed at the time of fundraising, with no changes to the purpose, allocation, or contractual terms.
This is a routine compliance filing and is neutral for shareholders. It reassures investors that the ₹212.20 Crores raised via the preferential issue is being used as originally intended, with no misuse or diversion of funds, which is a positive governance signal.