StockWatch
·
Trading & Distributors
Regulatory29 May 2026, 12:35 am

Reg 32 Deviation Statement Not Applicable for Q4 FY26 Due to Share Swap

AI Summary

The company 524723 submitted its Statement of Deviation(s) and/or variation(s) under Regulation 32 of SEBI LODR for the quarter ended March 31, 2026. The company clarified that the statement is not applicable as it had allotted equity shares on a preferential basis for consideration other than cash, specifically through a share swap for acquisition. Since no cash proceeds were raised from this issuance, there were no funds available for utilization, rendering the deviation statement irrelevant for the period.

Key Highlights

  • Company filed Regulation 32 statement for Q4 FY26.
  • Deviation statement is not applicable for the quarter.
  • Preferential allotment was for share swap, not cash proceeds.
  • No funds were raised or available for utilization.