Statement of Deviation & Variation
Awaiting price reaction for this filing.
Capfin India Limited has filed a statement confirming there is no deviation or variation in the utilization of proceeds raised through a preferential issue of equity shares. The company raised Rs. 338.66 Lakhs on March 31, 2026 for the purpose of augmenting financial resources for working capital requirements and general corporate purposes. The audit committee has reviewed and confirmed that funds have been utilized as per the stated objects, with no deviation or variation reported. Funds utilized till March 31, 2026 is shown as Nil. Both the audit committee and auditors have given no comments on the utilization.
This is a routine compliance filing with no red flags. The absence of any deviation or variation indicates the fund deployment is on track as originally intended, which is neutral for shareholders.