StockWatch
·
Other Financial Services
Quarterly Updates16 May 2026, 09:31 am

Manglam Global: Deviation Statement for March 2026 Quarter

AI Summary

Manglam Global Corporations Ltd has filed a statement of deviation and variation for the quarter ended March 31, 2026, as per SEBI regulations. The company raised ₹68476000 through preferential issues on January 5, 2026. The filing indicates that there was no deviation in the use of funds raised. The funds were allocated for working capital (₹60000000) and general corporate purposes (₹7976000), with no funds utilized during the quarter. The audit committee has reviewed and approved the statement, and the auditors confirmed no deviation from the initial purpose of the fund raise.

Key Highlights

  • Manglam Global reports no deviation in fund utilization for Q4 2026.
  • ₹68476000 was raised via preferential issue on January 5, 2026.
  • Funds allocated for working capital and general corporate purposes.
  • Audit committee approved the statement; auditors confirmed no deviation.
  • No funds were utilized during the reported quarter.