Shivalik Rasayan Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
SHIVALIK · price
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Shivalik Rasayan Limited has submitted a statement of deviation(s) or variation(s) to the Exchange under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations. Under this regulation, listed companies are required to disclose any deviation or variation between the stated purpose for which funds were raised through a public issue, rights issue, or preferential issue, and how those proceeds were actually utilised. The headline does not specify the quantum, nature, or reason for the deviation. Investors should review the detailed filing for specifics on which object of the issue was varied and the revised use of proceeds.
Deviation filings under Reg. 32 are routine compliance disclosures but can attract investor scrutiny if the variation is material or signals a change in business priorities. The market reaction depends on the size and rationale of the deviation disclosed in the actual filing.