No deviation in use of Rights Issue proceeds through June 2026
VINEETLAB · price
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Vineet Laboratories reported no deviation or variation in using Rights Issue proceeds for the quarter ended June 30, 2026. It raised Rs 2,996.81 lakh through equity rights issued January 1-30, 2026. Use included Rs 284 lakh for bank-loan repayment, Rs 33.75 lakh for a 50-kilolitre-per-day effluent treatment plant, Rs 293.65 lakh for capacity expansion and Rs 670.66 lakh for general corporate purposes. Crisil Ratings monitored the issue; committee and auditor comments were nil.
Funds were used within the approved plan with no diversion, supporting investor confidence, but the filing gives no direct earnings impact.