Disclosure of Statement on deviation or variation for proceeds of Preferential Issue (Warrant Allotment)
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
PMC Fincorp Ltd has filed a nil deviation statement confirming that funds raised through warrant allotment are being used as intended. The company received Rs. 589.5 Lakhs in Q4 FY26 (25% of total Rs. 23.58 Crores warrant value) on February 17, 2026. Of this, Rs. 581.60 Lakhs has been deployed - primarily Rs. 231.60 Lakhs towards general corporate purposes and Rs. 550 Lakhs allocated for NBFC capital base expansion (not yet deployed). The Audit Committee reviewed and confirmed no deviation in fund utilisation.
Positive signal for shareholders - the company is using warrant proceeds as disclosed, with no deviation reported. This indicates proper governance and adherence to stated objectives for an NBFC capital raise.