Rights Issue10 Aug 2026, 06:34 pm
IEL Ltd Reports No Deviation in Rights Issue Fund Utilization for Q1 FY27
AI Summary
IEL Ltd has submitted its Statement of Deviation or Variation for the quarter ended June 30, 2026, to the BSE. The company confirms that there has been no deviation in the utilization of proceeds raised from its Rights Issue, amounting to ₹43,17,21,894.20, against the objects stated in the Letter of Offer dated January 17, 2025. The net proceeds available for utilization were ₹42,69,55,905.50 after deducting issue-related expenses of ₹47,65,988.70. The Audit Committee reviewed and approved this statement.
Key Highlights
- No deviation in the use of Rights Issue proceeds for the quarter ended June 30, 2026.
- Total funds raised via Rights Issue: ₹43,17,21,894.20.
- Net proceeds available for utilization: ₹42,69,55,905.50.
- Audit Committee reviewed and approved the statement.
- Statement filed as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Price Impact
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