Astron Multigrain: Deviation in Fund Utilization for ₹18.40 Cr Issue
Astron Multigrain Limited has filed a Statement of Deviation or Variation under SEBI regulations for funds raised on December 4, 2025. The company raised ₹18.40 Crores, and the report for the half-year ended September 30, 2026, indicates deviations in the utilization of these funds. Specifically, there were variations in the amounts allocated and utilized for capital expenditure towards machinery, working capital requirements, general corporate purposes, and issue expenses. The offer for sale amount remained as planned. The statement has been reviewed by the Audit Committee and taken on record by the Board. A certificate from the Chartered Accountants, M/s. Babubhai Patel & Associates, confirms the utilization of funds.
Key Highlights
- Astron Multigrain reports deviation in fund utilization for ₹18.40 Cr raised.
- Deviations noted in capital expenditure, working capital, and general corporate purposes.
- Offer for sale amount remained as planned.
- Statement reviewed by Audit Committee and Board.
- Auditor certificate on fund utilization attached.
Price Impact
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