Submission of Reg 32- Statement of Deviation and Variation.
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Zodiac Ventures Ltd has filed a compliance statement under Regulation 32 confirming no deviation or variation in the use of proceeds from its Rights Issue. The company raised Rs. 2841.80 Lakh through the Rights Issue (letter of offer dated 14 July 2025) and utilized all funds as per the stated objects: Rs. 890 Lakh for working capital, Rs. 1250 Lakh for loan repayment, Rs. 651.80 Lakh for general corporate purposes, and Rs. 50 Lakh for issue-related expenses. The filing for quarter ended 31 March 2026 shows zero deviation across all fund utilization categories.
This is a positive compliance signal for shareholders as it confirms the company deployed funds exactly as promised in the offer document, with no unexplained deviations or variations.