Statement of Deviation and variation for the year ended 31.03.2026
Price
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Silicon Rental Solutions has filed a confirmation that there has been NO deviation or variation in the utilisation of proceeds from its Preferential Issue. The company raised Rs. 2,546.78 lakhs through Equity Shares and Rs. 305.47 lakhs through Convertible Warrants on January 15, 2025, totaling Rs. 2,852.25 lakhs. The funds have been deployed as per the approved objects: Capital Investment (Rs. 1,586.33 lakhs), Long-term Working Capital (Rs. 1,010 lakhs), and General Corporate Purpose (Rs. 255.92 lakhs). The statement has been reviewed by the Audit Committee as required under SEBI regulations.
This is a positive development for shareholders as it confirms the company deployed funds exactly as promised during the EGM held on October 23, 2024. Full utilisation with zero deviation demonstrates sound fund management and adherence to shareholder-approved plans.