Singer India Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
SINGERIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Singer India Limited has filed a nil deviation report for funds raised through a Preferential Issue completed on December 29, 2025. The company raised Rs. 4.48 crore and confirms no deviation or variation occurred in fund utilization during the quarter ended March 31, 2026. The funds were allocated for expansion of the manufacturing facility including designing and development of tools and equipment for Sewing Machines (Rs. 4.37 crore approx), with the remaining amount used for issue expenses. The Audit Committee reviewed the utilization statement and confirmed compliance with the stated objects.
Positive signal for shareholders as it confirms the company is deploying raised capital as promised without any diversion from disclosed plans. This regulatory compliance filing indicates proper governance in fund management.