Statement of Deviation or Variation for the half year ended 31.03.2026
Price
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Prospect Consumer Products Ltd has filed a confirmation that there are NO deviations or variations in the use of proceeds from a preferential issue of equity shares and warrants. The company raised Rs. 4,62,59,680 through two transactions: (1) allotment of 5,99,160 equity shares on conversion of warrants on 10th October 2025 at Rs. 48 per warrant, and (2) allotment of 7,00,000 warrants on 8th December 2025 at Rs. 100 per warrant (25% received at allotment). The funds have been fully deployed across four stated objects: Rs. 2,87,59,680 for long-term growth resources, Rs. 1,25,00,000 for working capital, Rs. 25,00,000 for capital expenditure, and Rs. 25,00,000 for general corporate purposes. The audit committee has reviewed the statement and has no comments.
This is a positive regulatory compliance filing indicating that the company deployed all raised capital as originally intended with no misuse of proceeds, which is reassuring for shareholders and investors.