Rights Issue29 May 2026, 09:36 pm
D & H India: No Deviation in Rights Issue Proceeds Utilization
AI Summary
D & H India Ltd confirms no deviation or variation in the utilization of proceeds from its Rights Issue for the quarter ended March 31, 2026, as per SEBI regulations. The company raised ₹24,56,40,000 through the issue of 20,47,000 shares at ₹120 each. The funds were allocated for repayment of debt and general corporate purposes, with ₹1856.40 Lakhs and ₹589.89 Lakhs allocated respectively. Infomerics Valuation and Rating Limited acted as the monitoring agency.
Key Highlights
- D & H India confirms no deviation in Rights Issue proceeds for Q4 2026.
- ₹24.56 Cr raised via Rights Issue for debt repayment and corporate use.
- Infomerics Valuation and Rating Limited was the monitoring agency.
- Funds utilized: ₹1856.40 Lakhs for debt repayment, ₹589.89 Lakhs for corporate purposes.
- Compliance with SEBI (LODR) Regulation 32 confirmed.
Price Impact
More from DHINDIA