Ptc Industries Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
PTCIL · price
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PTC Industries Limited has submitted its quarterly statement confirming that funds raised through a Qualified Institutional Placement (QIP) on September 3, 2024, totaling Rs. 699.99 million, have been utilized as intended with no deviations or variations. The monitoring agency ICRA Limited has been overseeing the fund utilization. The Audit Committee reviewed the statement and offered no comments, and the auditors also had no comments to add. This is a routine compliance filing under SEBI LODR Regulation 32.
Positive signal for shareholders as the company confirms proper utilization of QIP proceeds without any deviations from the stated objectives. No adverse findings from the audit committee or auditors.