Statement of Deviation(s) or Variation(s) for the Year Ended March 31, 2026
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Sunita Tools Limited has filed a compliance statement confirming that there were no deviations or variations in the use of proceeds from funds raised through preferential issues. The company raised Rs. 299.99 lakhs on October 20, 2025, and Rs. 115.50 lakhs on October 30, 2025, totaling approximately Rs. 415.49 lakhs. The filing dated May 15, 2026, confirms that all funds were utilized as per the original objects for which they were raised. The Audit Committee reviewed the utilization and reported nil comments, indicating no issues were found.
This is a routine compliance filing with no negative implications for shareholders. The confirmation that funds were used as intended suggests proper governance and adherence to the stated objectives of the preferential issue.