Regulatory22 May 2026, 05:01 pm
Modern Dairies Deviation Statement for March 2026
AI Summary
Modern Dairies Ltd. filed a statement of deviation and variation as per clause 32 (1) (2) and (3) for the quarter and financial year ended 31st March 2026. The statement, reviewed by the Audit Committee and Board of Directors on May 22, 2026, indicates no deviation or variation in the use of funds raised through preferential issues and conversion of warrants to equity shares. Funds were allocated for strengthening the capital base and operations.
Key Highlights
- No deviation/variation in fund utilization for preferential issues.
- No deviation/variation in fund utilization for warrant conversions.
- Funds used as intended for capital base and operations.
- Audit Committee and Auditors have no specific comments on deviations.
Price Impact
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