Statement of Deviation for the quarter ended December 31, 2025.
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Awaiting price reaction for this filing.
Satyam Silk Mills has filed a quarterly compliance statement confirming that there has been no deviation or variation in the use of proceeds from its rights issue conducted on July 6, 2022. The company had raised Rs. 1,11,62,500 (approximately Rs. 1.12 crore), which was earmarked for incremental working capital requirements and issue expenses (Rs. 19,44,346). The statement, reviewed by the Audit Committee on February 11, 2026, confirms funds continue to be used as originally intended. Unutilized funds have been temporarily parked in Money Market Mutual Funds pending actual deployment.
This is a routine SEBI compliance filing with no negative signal for shareholders. It confirms proper utilization of raised funds with no diversion or misuse, though the small size of the rights issue (Rs. 1.12 crore) means limited material impact on the stock.