The Statement of deviation or variation for the quarter ended September 30, 2025, duly reviewed by Audit Committee is enclosed herewith.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Taylormade Renewables has filed its quarterly statement confirming there has been no deviation or variation in the use of funds raised through a preferential issue of convertible warrants. On September 23, 2025, the company allotted 2,50,000 warrants after receiving 25% of the subscription amount (Rs. 83.215 per warrant out of a total of Rs. 332.86), collecting Rs. 2.08 crore during the quarter. Of the total Rs. 8.38 crore planned allocation, Rs. 2.08 crore has been utilised so far. Working capital requirements have been fully funded (Rs. 1.02 crore used out of Rs. 1.02 crore allocated), while Rs. 0.28 crore has been deployed for the Tarapur BOO Plant and Rs. 0.78 crore for expansion of existing business activities. The Audit Committee reviewed the statement and had no comments. No monitoring agency was required for this issue.
This is a routine compliance filing that signals disciplined use of freshly raised funds with no misallocation, which is positive for shareholder confidence. However, the slow pace of deployment toward the Tarapur BOO Plant and the Dahej & Sayakha new plants (zero utilisation so far) may raise questions about project execution timelines.