Rajshree Polypack Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Rajshree Polypack has filed a quarterly Reg 32 compliance statement for the quarter ended June 30, 2025, confirming there is no deviation or variation in the use of funds raised via a preferential issue of equity shares and convertible warrants (allotted December 2023 and June 2025). The company raised about ₹16.20 crore through equity shares, ₹1.57 crore via warrant subscription, and ₹2.35 crore on conversion of 1.5 lakh warrants on June 7, 2025. Funds were deployed as per the original objects: ₹13.26 crore used for long-term working capital (out of ₹13.97 crore), ₹4.50 crore fully used for general corporate purposes, and the capital expenditure allocation was modified down to ₹1.65 crore with no utilization so far. The Audit Committee reviewed the statement on August 13, 2025 and had no comments; additionally, 1.5 lakh unexercised warrants lapsed and the subscription amount was forfeited by the company.
This is a routine regulatory compliance filing with no negative implications — it confirms that the company has used the preferential issue funds only for the disclosed purposes, which is a neutral-to-slightly-positive signal for investors regarding fund management discipline.