Oriental Rail Infrastructure: No Deviation in Fund Utilization
Oriental Rail Infrastructure Ltd has submitted its quarterly statement of deviation(s) or variation(s) of funds for the quarter ended September 30, 2026. The company raised ₹212.20 Crores on February 22, 2024, through a Preferential Issue. The filing confirms that there has been no deviation or variation in the utilization of these proceeds as per Regulation 32 of SEBI Listing Regulations. CARE Ratings Limited is the applicable monitoring agency. The company has stated that the funds raised were utilized as per the original objects, with no modifications or deviations requiring shareholder approval.
Key Highlights
- No deviation or variation in fund utilization reported for Q2 FY27.
- Funds raised via Preferential Issue on February 22, 2024.
- Total amount raised was ₹212.20 Crores.
- Utilisation aligned with original objects, no shareholder approval needed for changes.
Price Impact
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