
Regulatory6 Aug 2026, 04:25 pm
Moongipa Capital Finance: No Deviation in Rights Issue Fund Utilization
AI Summary
Moongipa Capital Finance Ltd has submitted its Statement of Deviation or Variation for the quarter ended June 30, 2026. The company confirms that there has been no deviation or variation in the utilization of proceeds raised through its Rights Issue, which commenced on January 2, 2025. The funds were utilized as per the objects stated in the Letter of Offer dated November 27, 2024. The statement, reviewed and approved by the Audit Committee, indicates a 'Nil' deviation, confirming full utilization of funds raised by June 30, 2025, in line with the offer document.
Key Highlights
- No deviation reported in the utilization of Rights Issue proceeds.
- Funds raised were used as per the objects in the Letter of Offer.
- Statement confirmed by the Audit Committee.
- Full utilization of funds reported by June 30, 2025.
Price Impact
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