543645 Reports No Deviation in Preferential Issue Fund Utilization
Hindprakash Industries Limited (543645) submitted a statement of deviation or variation for the quarter ended March 31, 2026, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that there were no deviations or variations in the utilization of funds from its preferential issue. An amount of ₹615.00 Lakhs, representing 75% of the total issue size of ₹820.00 Lakhs for convertible equity warrants, was fully utilized for the stated objects. These objects included augmenting net worth, meeting increased working capital and long-term fund requirements, repaying debt, and general corporate purposes. The statement was reviewed by the Audit Committee on May 28, 2026.
Key Highlights
- No deviations or variations reported in preferential issue fund utilization for Q4 FY26.
- ₹615.00 Lakhs from the preferential issue was fully utilized as per original objects.
- Funds were used for augmenting net worth, working capital, debt repayment, and general corporate purposes.
- The statement was reviewed by the Audit Committee on May 28, 2026.
Price Impact
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