Rajshree Polypack Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Awaiting price reaction for this filing.
Rajshree Polypack Limited has filed a quarterly compliance report confirming that there is no deviation or variation in the use of funds raised through a preferential issue of equity shares and convertible warrants in December 2023. The company raised about ₹16.20 crore via equity shares and ₹1.57 crore via convertible warrants (25% upfront money received on 3 lakh warrants). The intended use of proceeds was Capital Expenditure (₹4 crore), Long Term Working Capital (₹13.97 crore), and General Corporate Purposes (₹4.50 crore). As per the statement, ₹13.26 crore has been deployed toward long-term working capital so far, with no spending yet on capital expenditure. The Audit Committee reviewed the statement on May 26, 2025, and raised no comments, and the auditors also had no comments.
This is a routine regulatory disclosure confirming that the company is using the money raised from investors for the originally stated purposes, with no misuse or change in plan. It is a neutral, compliance-driven filing and is unlikely to have any material impact on the stock price, though the slow deployment toward capital expenditure may be worth tracking by investors monitoring execution of the stated plans.