Quarterly Updates24 Apr 2026, 06:11 pm
Jayaswal Neco: Deviation Statement for March 2026 Quarter
AI Summary
Jayaswal Neco Industries Ltd filed a statement of deviation and variation for the quarter ended March 31, 2026, regarding the utilization of funds raised through Non-Convertible Debentures (NCDs). The company raised ₹1,800 Crores on December 12, 2025, and the funds were primarily used for repayment of outstanding NCDs (₹1771.01 Cr), finance costs (₹23.35 Cr), legal costs (₹3.90 Cr), administrative expenses (₹0.45 Cr), and other corporate purposes (₹1.29 Cr). The audit committee has reviewed the statement, noting no deviations from the intended use of funds.
Key Highlights
- Jayaswal Neco raised ₹1,800 Crores through NCDs on December 12, 2025.
- ₹1771.01 Cr was used for repayment of outstanding Non-Convertible Debentures.
- ₹23.35 Cr was allocated to payment of finance costs related to NCDs.
- ₹3.90 Cr was used for payment of legal costs related to NCDs.
- Audit Committee reported no deviations in the use of funds.
Price Impact
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