Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shree Rajasthan Syntex has confirmed that there is no deviation or variation in the use of proceeds from its Preferential Issue of equity shares allotted on November 28, 2025. The company raised Rs. 1,076.56 lakhs (~Rs. 10.77 crore) through this preferential issue for four stated purposes: repaying unsecured inter-corporate loans (Rs. 255 lakhs, fully utilised), paying workmen/employee dues (Rs. 65 lakhs, fully utilised), funding working capital needs (Rs. 456.56 lakhs allocated, Rs. 276.42 lakhs utilised so far), and financing capital expenditure on new machinery (Rs. 300 lakhs allocated, only Rs. 37.54 lakhs utilised). Overall, about Rs. 633.96 lakhs (roughly 59%) of the raised amount has been deployed as of December 31, 2025, with Rs. 442.60 lakhs still pending utilisation — largely for working capital and capex. No monitoring agency was appointed, as the issue size fell below the SEBI threshold.
Neutral to mildly positive for shareholders — the company has stuck to its stated use of funds with no diversion, but the slow deployment of the capital expenditure portion (only ~12.5% utilised in the first quarter) suggests upcoming machinery purchases may take time and could weigh on near-term growth visibility.