Maan Aluminium: No Deviation in Preferential Issue Fund Use for Q1 FY27
Maan Aluminium Ltd has submitted a Statement of No Deviation or Variation in the utilization of funds raised through a preferential issue of equity. The funds, amounting to ₹8319.00 lakhs raised on January 16, 2026, were intended for capital expenditure on aluminum extrusion projects, working capital requirements, and general corporate purposes. The report for the quarter ended June 30, 2026, reviewed by the Audit Committee, indicates no deviation from the stated objects. The total utilized amount as of June 30, 2026, was ₹4559.00 lakhs, with no deviation reported against the allocated amounts for the specified purposes.
Key Highlights
- No deviation reported in the utilization of funds from preferential issue.
- Funds raised were ₹8319.00 lakhs via equity preferential issue.
- Utilization is for capital expenditure, working capital, and general corporate purposes.
- Report covers the quarter ended June 30, 2026.
- Audit Committee reviewed and approved the statement.
Price Impact
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