Statement of Deviation or variation of funds under Regulation 32 of SEBI(LODR)
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shangar Decor Limited has filed a compliance statement confirming that the funds raised through its Rights Issue (dated 10 December 2024, amounting to Rs. 49.35 crore) have been fully utilized as per the original objects, with no deviation or variation. The entire proceeds have been deployed: Rs. 37.82 crore towards additional working capital, Rs. 11.29 crore for general corporate purposes, and Rs. 25 lakh towards issue expenses. The Audit Committee reviewed the utilization and the Board took it on record at their meetings held on 11 November 2025. The filing is a routine half-yearly disclosure required under SEBI LODR Regulations.
Positive for shareholders — confirms disciplined and transparent use of the rights issue proceeds with full deployment as promised, and no misuse or diversion of funds. This is a routine compliance filing and is unlikely to have any direct impact on stock price.