Statement under Reg. 32 for 31 March 2025
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Awaiting price reaction for this filing.
The company has informed BSE that Regulation 32 of SEBI's Listing Obligations and Disclosure Requirements (LODR) is not applicable to it for the quarter ended 31 March 2025. Reg. 32 requires listed companies to submit a statement of deviation or variation in the use of proceeds raised through public issues, rights issues, preferential issues, or qualified institutional placements (QIPs). The non-applicability means the company has not raised funds through any of these routes during the period. The letter is signed by Managing Director Kishor Ostwal (DIN: 00460257) and dated 27 May 2025. The company was formerly known as CNI Research Limited.
This is a routine regulatory compliance filing with no impact on shareholders or stock price. It simply confirms the company did not raise capital through public, rights, preferential, or QIP routes in Q4 FY25, so there are no proceeds to track or report deviations on.