Statement of deviation & variation for the Quarter ended 30th june, 2025
Awaiting price reaction for this filing.
Shri Niwas Leasing And Finance Ltd has filed an undertaking with BSE confirming that SEBI's Regulation 32 applies to the company for the quarter ended 30 June 2025. The regulation is triggered because the company raised funds through a rights issue during the quarter. The Managing Director, Ms. Rajni Tanwar, certified the compliance submission. The filing covers statements on any deviation in the use of proceeds from the original offer document and category-wise variation between projected and actual utilization of funds (such as capital expenditure, working capital, etc.). The actual deviation and variation details are expected in the attached enclosure.
This is largely a routine regulatory compliance filing confirming that the company had a rights issue and is reporting on how the raised funds were used. For shareholders, the key takeaway is whether the company used the rights issue proceeds as originally promised — any material deviation could be a red flag. Investors should review the attached statement for specific variations.