Statement of Deviation or Variation of Funds under Regulation 32 of the SEBI (LODR) Regulations, 2015 for the quarter and year ended on 31st March 2026
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Shree Rajasthan Syntex Ltd has filed its quarterly statement under SEBI Regulation 32 confirming no deviation or variation in the utilization of funds raised through a Preferential Issue. The company raised Rs. 1076.56 Lakhs via allotment of 8,125,000 equity shares at Rs. 13.25 per share on November 28, 2025. All proceeds have been deployed as per the stated objects: Rs. 255 Lakhs for repaying financial creditors, Rs. 65 Lakhs for workmen/employee dues, Rs. 456.56 Lakhs for working capital, and Rs. 232.61 Lakhs of Rs. 300 Lakhs allocated for capital expenditure. The remaining Rs. 67.39 Lakhs for capital expenditure remains unutilized pending deployment. The company's auditors, Doogar & Associates, have certified that the utilization is in agreement with the audited financial statements for the twelve months ended March 31, 2026.
No deviation reported — this is a positive signal for shareholders, confirming the company is deploying funds as promised. The unutilized Rs. 67.39 Lakhs for capital expenditure should be monitored in future filings as it may take longer to deploy.