Quarterly Result13 Feb 2026, 09:32 pm
IEL Ltd Reports No Deviation in Use of Proceeds for Quarter Ended 31st December, 2025
AI Summary
IEL Ltd, in its Statement of Deviation or Variation for the Quarter ended 31st December, 2025, reported no deviation in the use of proceeds from the Objects as stated in the Letter of Offer Dated 17th January, 2025. The company raised Rs. 43,17,21,894.20/- from the Issue of Equity Shares through Rights Issue, with Rs. 42,69,55,905.59/- utilized for the purpose of the objects as stated in the Offer Document.
Key Highlights
- IEL Ltd reported no deviation in the use of proceeds for the quarter ended 31st December, 2025.
- The company raised Rs. 43,17,21,894.20/- from the Issue of Equity Shares through Rights Issue.
- Rs. 42,69,55,905.59/- of the proceeds were utilized for the purpose of the objects as stated in the Offer Document.
- The Statement of Deviation or Variation was reviewed by the Audit Committee at their meeting held on Thursday, 13th February, 2026.
Price Impact
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