Statement on Deviation or Variation of funds- we hereby confirm that during the quarter ended 31st March, 2026, there is no deviation or variation in the utilization of Proceeds of the ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Viram Suvarn Limited has filed a nil-deviation confirmation for the quarter ending March 31, 2026, regarding Rs. 30.25 crore raised through a Rights Issue (funds received February 24, 2026). The company states that proceeds were deployed as per the objects stated in the Letter of Offer dated January 5, 2026. Working capital accounted for Rs. 29.75 lakh (majority of deployment), general corporate purposes Rs. 25 lakh, and issue expenses Rs. 25 lakh. The remaining balance of ~Rs. 24.37 lakh from the general corporate purpose bucket was also utilized towards working capital in the ordinary course of business, which the company clarifies does not constitute a deviation. The statement was reviewed by the Audit Committee and taken on record by the Board. Brickwork Ratings India Private Limited is the monitoring agency.
No adverse impact on shareholders — the fund utilization is in line with the stated objects, and no deviation has been reported, which is a routine compliance filing with neutral implications for the stock.