There is no deviation or variation in Utilization of funds. The said statement is enclosed.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shoora Designs Ltd has filed a confirmation that there is NO deviation or variation in the utilization of funds raised through a preferential issue. The company had allotted 31,25,000 equity shares at Rs. 53 per share (including premium) in March 2025, raising Rs. 1,656.25 lakhs. The funds have been deployed as originally planned: Rs. 1,242.19 lakhs towards expansion plans and working capital, and Rs. 414.06 lakhs for general corporate purposes. The Audit Committee reviewed and confirmed no deviation in its meeting held on May 26, 2026, for the half year ended March 31, 2026.
Positive compliance signal — the company has deployed the full raised capital of Rs. 16.56 crore exactly as per the stated objects, with no deviation. This confirms proper use of funds and adherence to promises made to shareholders during the preferential issue.