Alstone Textiles confirms no deviation in ₹500 Cr preference share use

Alstone Textiles (India) Ltd submitted an undertaking for Regulation 32 of SEBI (LODR) Regulations, 2015, for the quarter and half year ended September 30, 2026. This regulation mandates disclosure of any deviations in the use of proceeds from public, rights, or preferential issues. The company had previously issued Non-Convertible Preference shares amounting to ₹5,00,00,00,000 (₹500 Crore). The Board, acting on the Audit Committee's recommendation, confirmed that there was no deviation or variation in how these preference share proceeds were utilized compared to the objects stated in the Explanatory Statement or Offer Document. This filing ensures compliance with regulatory requirements regarding fund utilization.