Corporate Governance26 May 2026, 08:31 pm
Nutricircle: No Deviation in ₹1.1 Cr Preferential Issue
AI Summary
Nutricircle Ltd reports no deviation or variation in the utilization of proceeds from its preferential issue of ₹1,10,00,000 for the quarter ended March 31, 2026. The funds were raised on February 13, 2026, through the issuance of 11,00,000 convertible warrants into equity shares at ₹10 each. The audit committee reviewed the statement of deviation, confirming no discrepancies. The funds were allocated to meet working capital needs, invest in technology and infrastructure, and purchase machinery.
Key Highlights
- Nutricircle confirms no deviation in the use of ₹1.1 Cr raised via preferential issue.
- Funds utilized for working capital, technology investments, and machinery purchases.
- Audit Committee review found no deviation or variation in fund utilization.
- Preferential issue involved 11,00,000 warrants convertible into equity shares.
- Company affirms compliance with SEBI (LODR) Regulations, 2015.
Price Impact
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