Enclosed the Statement of Deviation & Variation for the Quarter ended March 31, 2025
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Awaiting price reaction for this filing.
Raminfo Limited has filed its quarterly statement confirming there is no deviation or variation in the use of funds raised through a preferential issue in March 2024. The company raised Rs. 23.69 crore in total — Rs. 11.64 crore from equity shares and Rs. 12.04 crore from warrants — for three stated purposes: funding ongoing projects and joint ventures, meeting working capital needs, and general corporate purposes. Out of this, Rs. 9.71 crore has been utilized towards projects and working capital, and Rs. 2.80 crore for general corporate purposes. The Audit Committee reviewed the utilization and confirmed it aligns with the original objects. The auditors have no additional comments. This is a routine compliance filing under SEBI's Listing Regulations.
This is a routine regulatory disclosure that reassures shareholders the preferential issue funds are being used exactly as originally promised. There is no negative news for the stock; the filing simply confirms proper governance and adherence to disclosed objectives.