We are enclosing herewith the Statement of Deviation or Variation for the quarter ended March 31, 2025 in respect of utilisation of funds raised through Preferential Issue of Equity Shares.
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Awaiting price reaction for this filing.
Trishakti Industries has filed a compliance statement confirming zero deviation in the use of funds raised through a preferential issue. The company had raised Rs. 12.70 crores (Rs. 12,70,69,300) in October 2024 by issuing 14,77,550 equity shares at Rs. 86 per share (including a premium of Rs. 84). The funds were originally earmarked for expanding the fleet of earth moving equipment, and the company confirms that the full Rs. 12.70 crores has been utilised exactly for this purpose. The Audit Committee reviewed the statement and had no comments, and no monitoring agency was applicable for this issue.
This is a routine but positive compliance disclosure showing that the company has fully and properly deployed the Rs. 12.70 crore raised from investors for its stated purpose. No deviation signals good governance and should reassure shareholders that capital raised is being used as promised, though the filing itself is unlikely to move the stock price.