Regulatory12 Aug 2026, 11:36 am
Oriental Rail Infrastructure: No Deviation in Fund Use for Q2 2026
AI Summary
Oriental Rail Infrastructure Ltd has filed its statement of deviation or variation of funds for the quarter ended June 30, 2026. The company confirms there has been no deviation or variation in the utilization of proceeds raised through a preferential issue. The funds were raised on February 22, 2024, amounting to ₹212.20 Crores. The report, filed under SEBI Listing Regulations, indicates that the utilization of funds aligns with the original objects for which they were raised. CARE Ratings Limited is the applicable monitoring agency.
Key Highlights
- No deviation reported in fund utilization for Q2 2026.
- Funds raised via preferential issue on Feb 22, 2024.
- Total funds raised amounted to ₹212.20 Crores.
- Utilization aligns with original stated objects.
- Report filed as per SEBI Listing Regulations.
Price Impact
More from ORIRAIL