Regulatory29 May 2026, 02:27 pm
Desh Rakshak: No Deviation in Preferential Issue Funds
AI Summary
Desh Rakshak Aushdhalaya Ltd confirms no deviation or variation in the use of proceeds from the allotment of 12,60,000 equity shares on a preferential basis, as per Regulation 32 of SEBI Listing Regulations. The funds, raised on September 9, 2025, amounting to ₹2,77,20,000, were allocated towards working capital (₹2,07,90,000) and general corporate purposes (₹69,30,000). The audit committee approved the statement on May 29, 2026, for the quarter ended March 31, 2026.
Key Highlights
- Desh Rakshak confirms no deviation in use of preferential issue proceeds.
- ₹2,77,20,000 raised via preferential issue of equity shares.
- Funds allocated to working capital (₹2,07,90,000) and general corporate purposes (₹69,30,000).
- Audit Committee approved the statement on May 29, 2026.
- Report filed for the quarter ended March 31, 2026.
Price Impact
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