Statement of Deviation or Variation in Utilisation of funds raised through Preferential Issue
SIRCA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sirca Paints India Ltd has filed its quarterly compliance report confirming no deviation or variation in the utilisation of proceeds from its Preferential Issue raised on September 11, 2025. The total amount raised was Rs 75.29 crore. Of this, Rs 10.95 crore has been deployed towards new capex for Sirca Welcome and Wembley manufacturing facilities, Rs 4.29 crore used for general corporate purposes, and Rs 1.79 crore towards working capital. The distribution channel and brand promotion allocation of Rs 6 crore remains fully unutilised as of Q4 FY26. The audit committee has confirmed no comments, and auditors have also provided no observations.
No red flags for investors — the company confirms funds are being deployed as per the stated objects in the Letter of Offer, with no deviations reported. However, the slow pace of utilisation (only ~17% deployed so far) may warrant monitoring in future quarters.