
Corporate Governance28 Oct 2026, 06:51 pm
Aeroflex Industries: No Deviation in Fund Utilization for Q2 FY27
AI Summary
Aeroflex Industries Ltd has submitted its Statement of Deviation and Variation for the quarter ended September 30, 2026. The company raised ₹54,99,99,714.60 through a Preferential Issue of Equity Shares on February 03, 2026. As of September 30, 2026, the company has fully utilized the proceeds. There was no deviation or variation in the utilization of funds as per the original objects, which included long-term working capital, general corporate purposes, and preferential issue expenses. The statement has been reviewed by the Audit Committee and taken on record by the Board of Directors.
Key Highlights
- No deviation reported in fund utilization for the quarter ended September 30, 2026.
- Total funds raised via preferential issue: ₹54.99 Crore.
- All raised funds have been fully utilized as of the reporting date.
- Utilization covered working capital, general corporate purposes, and issue expenses.
- Statement reviewed by Audit Committee and Board of Directors.
Price Impact
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