Corporate Governance14 Nov 2026, 11:10 pm
Avro India: No Deviation in Fund Utilization for Q2 FY27
AI Summary
Avro India Limited has confirmed that there has been no deviation or variation in the utilization of funds raised through a preferential issue of warrants. The statement pertains to the quarter ended September 30, 2026. The company received ₹101.25 lakh upon conversion of warrants, with some warrants lapsing due to non-receipt of balance payments. The Audit Committee has reviewed and approved the nil deviation statement. Funds raised were intended for capacity expansion, working capital, and brand visibility enhancement.
Key Highlights
- No deviation reported in fund utilization for preferential issue.
- Statement covers funds raised for capacity expansion and working capital.
- Audit Committee reviewed and approved the nil deviation statement.
- Warrants lapsed due to non-receipt of balance payments.
- Filing is pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Price Impact
More from AVROIND