undertaking of Applicability of Regulation 32 of SEBI(LODR), 2015 for the Quarter & Financial Year Ended 31st March, 2025.
Awaiting price reaction for this filing.
Shri Niwas Leasing and Finance has submitted a compliance undertaking to BSE for the quarter and financial year ended 31 March 2025. Managing Director Rajni Tanwar confirmed that Regulation 32 of the SEBI Listing Rules applies to the company because it raised funds through a rights issue during the period. The regulation requires listed companies to report any deviations between the stated purpose of fund-raising and actual use of proceeds, as well as category-wise variations in spending. No specific deviations, fund utilization details, or financial figures have been disclosed in this filing — it is purely a declaration of applicability.
This is a routine regulatory compliance filing with no direct impact on shareholders or stock price. However, it signals that the company completed a rights issue and may need to share detailed fund-use disclosures with the exchange going forward.