Statement of Deviation for half year ended March 31, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Vrundavan Plantation Ltd has confirmed to the BSE that there is no deviation or variation in the use of proceeds from its preferential allotment of 8,56,872 convertible warrants made on 17 February 2025. At the time of allotment, the company received Rs. 1.09 crore as the 25% warrant subscription amount (Rs. 12.75 per warrant). A further Rs. 3.28 crore (the balance 75%) is due upon exercise of the warrants. The original allocation of Rs. 432 lakhs was earmarked for Long-term Working Capital and General Corporate Purpose, and Rs. 109.25 lakhs has been utilised so far, fully in line with the stated objects. The Audit Committee reviewed and approved the statement at its meeting on 29 April 2025, and no monitoring agency was appointed.
This is a routine compliance filing and a positive signal for shareholders, as it confirms the company is using the funds raised exactly as disclosed to investors. No negative impact on the stock is expected; it simply reinforces management's adherence to stated objectives.