Markolines: No Deviation in Use of ₹2.01 Cr Warrants Proceeds

Markolines Pavement Technologies Ltd. reported no deviation or variation in the use of proceeds raised from the issuance of equity shares on conversion of warrants for the quarter ended March 31, 2026. The funds, totaling ₹2,01,46,500, were raised from the issuance of 1,62,800 equity shares at ₹165 per share. The Audit Committee reviewed and took on record the statement of no deviation at its meeting on May 26, 2026. The funds were allocated for business expansion, equipment purchases, working capital, repayment of existing loans, and general corporate purposes.