Regulatory30 May 2026, 05:32 pm
Garnet International: Deviation & Variation Statement
AI Summary
Garnet International Ltd has filed a statement of deviation and variation regarding the utilization of funds raised through a preferential issue of convertible equity warrants for the quarter and year ended March 31, 2026. The company raised ₹35.37 Crores on February 10, 2025, but has received ₹8.84 Crores (25% of the issue size) as of March 31, 2026. The company reports no deviation or variation in the use of funds.
Key Highlights
- Garnet International raised ₹35.37 Crores via preferential issue.
- ₹8.84 Crores (25%) received as of March 31, 2026.
- No deviation or variation in the use of funds reported.
- Funds allocated for strategic investments, subsidiary investment and general corporate purposes.
- Audit committee and auditors have no comments on the fund utilization.
Price Impact
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