Statement of Deviation & Variation for the quarter ended on 31-03-2025
Awaiting price reaction for this filing.
Ganesh Holdings has filed its quarterly statement confirming there is no deviation or variation in the use of funds raised through its Rights Issue. The company raised Rs. 486 lacs on March 5, 2025, by issuing 4,86,000 equity shares at Rs. 100 each (face value Rs. 10, premium Rs. 90). Of the total, Rs. 471 lacs was earmarked for augmenting capital and building an investment and trading portfolio in equity, debt, and mutual fund instruments, while Rs. 15 lacs was set aside for issue expenses. The full Rs. 486 lacs has been utilised as per the originally stated objects, with no modifications or variations reported. The statement was reviewed by the Audit Committee on May 27, 2025, and no monitoring agency was required since the issue size was below Rs. 100 crore.
This is a routine compliance filing that confirms the company has used Rights Issue proceeds exactly as promised to shareholders, with no diversions or changes in purpose. Neutral to slightly positive — it signals good governance and transparency, but since the funds are being deployed into investments rather than core business expansion, it does not directly indicate operational growth.