Undertaking for Non-Applicability of Regulation 32 of SEBI (LODR) Regulations, 2015 for the quarter and Year ended 31st March,2026
Awaiting price reaction for this filing.
Shri Niwas Leasing and Finance Ltd has submitted an undertaking to BSE stating that Regulation 32 of SEBI (LODR) Regulations, 2015 is not applicable to the company for Q4 and FY ended March 31, 2026. The company clarified that while it did issue shares through a Right Issue, the proceeds raised were used entirely for the purpose for which the issue was raised, with no deviations in fund utilization. Director Rajni Tanwar signed the undertaking on behalf of the board, dated May 20, 2026.
This is a routine compliance filing confirming no irregularities in fund usage from a previous rights issue. It has no direct impact on the stock price but provides regulatory assurance to shareholders that raised funds were properly deployed.