Modern Dairies Ltd: No Deviation in Fund Utilization for Q2 2026
Modern Dairies Ltd has filed a Statement of Deviation and Variation for the quarter ended June 30, 2026. The company raised funds through Preferential Issues and Conversion of Warrants to Equity Shares. For the preferential issue on March 13, 2025, ₹1075.00 Lakhs were raised for strengthening the capital base and operations. For the conversion of warrants on March 20, 2025, ₹862.50 Lakhs were raised for the same purpose. Another conversion of warrants on February 26-27, 2026, raised ₹1050.00 Lakhs for capital base strengthening and operations. In all instances, there was no deviation or variation reported in the utilization of these funds. The statements were reviewed by the Audit Committee and the Board of Directors.
Key Highlights
- No deviation reported in fund utilization for Q2 2026.
- Funds raised via preferential issue and warrant conversion.
- Total funds raised exceed ₹2900 Lakhs across multiple dates.
- Purpose of funds was to strengthen capital base and operations.
- Audit Committee and Board of Directors reviewed the statements.
Price Impact
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