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Other Textile Products
Corporate Governance13 Aug 2026, 08:10 pm

Jattashankar Industries: No Deviation in Preferential Issue Fund Use

AI Summary

Jattashankar Industries Ltd has confirmed no deviation or variation in the utilization of proceeds from its Preferential Issue of Convertible Warrants for the quarter ended June 30, 2026. The total amount raised was ₹23,14,41,985. Funds were allocated to Working Capital requirements (₹6,000.00 Lakhs) and General Corporate Purpose (₹1,502.60 Lakhs). As of June 30, 2026, ₹2136.67 Lakhs were utilized for working capital and ₹1441.60 Lakhs for general corporate purposes. The statement was reviewed by the Audit Committee and taken on record by the Board on August 13, 2026.

Key Highlights

  • No deviation reported in the utilization of funds from preferential issue.
  • Total funds raised: ₹23,14,41,985.
  • Funds utilized for working capital and general corporate purposes.
  • Statement reviewed by Audit Committee and Board.
  • Quarterly report pertains to June 30, 2026.