IEL Ltd: No Deviation in Rights Issue Fund Utilization for Q2 FY27

IEL Ltd has submitted its Statement of Deviation or Variation for the quarter ended September 30, 2026, as per SEBI regulations. The company raised ₹43.17 Crore through a Rights Issue on March 5, 2025. The filing confirms that there has been no deviation in the utilization of these funds from the objects stated in the Letter of Offer dated January 17, 2025. The Audit Committee reviewed the statement and found no discrepancies. The funds were allocated for acquiring land and construction of warehouses, and general corporate purposes, with no deviation reported in their usage during the quarter.