Regulatory12 Aug 2026, 01:21 pm
Man Industries Confirms No Deviation in Preferential Issue Fund Utilization
AI Summary
Man Industries (India) Ltd has submitted a Statement of Deviation(s) or Variation(s) for the quarter ended June 30, 2026, concerning funds raised through preferential issues. The company raised ₹99,999,984 via convertible warrants to promoters and ₹254,999,7624 via equity shares to non-promoters. Man Industries confirms there has been no deviation or variation in the utilization of these funds for the stated objects, which include capital expenditures, expansion of business, and general corporate purposes. The filing includes details for both the warrant issue (Annexure A) and the equity share issue (Annexure B), with monitoring by CRISIL Ratings Limited for the equity share issue.
Key Highlights
- No deviation reported in utilization of funds from preferential issues.
- Funds raised via warrants to promoters and equity shares to non-promoters.
- Utilization covers capital expenditure, business expansion, and corporate purposes.
- Filing covers the quarter ended June 30, 2026.
- CRISIL monitors fund utilization for the equity share issue.
Price Impact
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