Sterlite Technologies Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
STLTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sterlite Technologies has filed a compliance statement confirming no deviation in the use of proceeds from a preferential issue of warrants. The company raised Rs. 124.58 crores (25% of warrant issue price) as of March 30, 2026, with the remaining amount to be paid later upon warrant conversion. The funds are allocated towards repayment/servicing of financial facilities (Rs. 111.3 crores utilized out of Rs. 373.73 crores planned) and general corporate purposes (Rs. 13.28 crores utilized out of Rs. 124.57 crores planned). CARE Ratings Limited is the monitoring agency. The filing covers the quarter ended March 31, 2026.
Positive signal for shareholders as the company has properly utilized funds for stated purposes with no deviation reported, indicating compliance with regulatory requirements and proper fund deployment.