Statement of Deviation & Variation
Awaiting price reaction for this filing.
Dugar Housing Developments has filed a compliance statement confirming there is no deviation or variation in the use of funds raised through a preferential issue. The company raised Rs. 8.85 crore on 12 June 2025, with the stated objective of meeting growth objectives and strengthening its financial position. For the quarter ended 30 June 2025, only Rs. 10 lakh of the Rs. 8.85 crore raised has been utilised so far, with the balance remaining unutilised. The Audit Committee reviewed the statement on 7 August 2025 and confirmed full compliance with the original objects. Since funds were raised just 18 days before the quarter end, low utilisation in this period is expected. No monitoring agency was appointed as the issue size did not require one.
This is a routine SEBI compliance disclosure and is neutral for shareholders. It confirms that the Rs. 8.85 crore raised is being deployed as originally promised, but investors should watch future quarterly filings to track how the bulk of these proceeds are eventually utilised.