Business Update29 May 2026, 08:44 pm
NIBE: No Deviation in Funds from Preferential Allotment
AI Summary
NIBE Ltd reports no deviation or variation in the utilization of funds raised through preferential allotment on March 5, 2026, for the quarter ended March 31, 2026. The funds were allocated for capital expenditure, repayment of existing borrowing, and augmenting working capital needs. As of March 31, 2026, an unutilized amount of ₹6,37,03,097 remains in the company's current account.
Key Highlights
- NIBE Ltd confirms no deviation in fund utilization from preferential allotment.
- Funds allocated for capital expenditure, debt repayment, and working capital.
- ₹6,37,03,097 remains unutilized as of March 31, 2026.
- Preferential allotment occurred on March 5, 2026.
Price Impact
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