Undertaking of Non-Applicability of Regulation 32 of SEBI(LODR), 2015
Awaiting price reaction for this filing.
Alstone Textiles has submitted an undertaking to BSE stating that Regulation 32 of SEBI's Listing Obligations and Disclosure Requirements is not applicable to the company for the quarter and financial year ended March 31, 2025. The regulation requires companies that raised funds through public, rights, or preferential issues to report on deviations in the use of proceeds. The company's Managing Director, Deepak Kumar Bhojak, has certified that the company did not issue any shares through preferential allotment during the period. This means the company has no obligations under this specific regulation for the reporting period.
This is a routine compliance filing with no material impact on shareholders or the stock price. It simply confirms the company did not raise funds through preferential allotment in the reported period, so no disclosures on fund usage are required.