
Regulatory30 May 2026, 01:02 pm
Novyra Pharmachem: No Deviation in Funds Utilization
AI Summary
Novyra Pharmachem Limited (formerly Bansisons Tea Industries Ltd) confirms no deviation or variation in the utilization of funds raised under preferential issue, as per Regulation 32 of SEBI guidelines. The report, filed for the quarter and year ended March 31, 2026, states that the ₹13,24,500 raised from 1,76,600 partly paid-up shares on June 9, 2025, was utilized as originally intended for working capital requirements. The Audit Committee and auditors have reviewed and found no deviations.
Key Highlights
- Novyra Pharmachem reports no deviation in utilization of funds raised via preferential issue.
- ₹13,24,500 raised from partly paid-up shares was used for working capital.
- Report filed for quarter and year ended March 31, 2026, complying with SEBI Regulation 32.
- Audit Committee review confirms no deviation or variation in fund utilization.
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