Statement of Deviation for the quarter ended 31/03/2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Remi Edelstahl Tubulars Ltd has filed a statement confirming no deviation or variation in the utilisation of proceeds from a preferential issue of equity shares and convertible warrants. The company raised Rs 14.62 crores in October 2025 through this preferential issue. The funds were allocated for plant and machinery (Rs 12.10 crores), technology cost (Rs 8.75 crores), and civil work (Rs 0.25 crores). The filing, reviewed by the audit committee, confirms that funds were used as per the disclosed objects. No comments were raised by either the audit committee or auditors.
This is a positive confirmation for shareholders as it indicates the company is deploying funds as originally committed, with proper oversight and no accounting deviations reported.