Quarterly Updates29 May 2026, 03:59 pm
Akshar Spintex: Deviation Statement for Quarter Ended March 2026
AI Summary
Akshar Spintex Ltd has filed a statement of deviation for the quarter ended March 31, 2026, concerning the utilization of funds raised through a Rights Issue. The company confirms that there is no deviation/variation in the use of funds. The amount raised through the right issue was ₹4874.81 Lakhs on 07.10.2024. The report indicates how funds were allocated to repay long-term unsecured loans, augment working capital, and cover corporate expenses.
Key Highlights
- Akshar Spintex reports no deviation in the utilization of funds raised through its Rights Issue.
- The Rights Issue raised ₹4874.81 Lakhs on 07.10.2024.
- Funds were allocated for repaying loans, augmenting working capital, and corporate expenses.
- ₹18.70 Lakhs from estimated issue related expenses transferred to General Corporate Purpose.
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