Quarterly Updates4 Nov 2026, 06:04 pm
Patel Retail: Deviation in Fund Utilization for Q2 FY27
AI Summary
Patel Retail Ltd has filed a Statement of Deviation for the Second Quarter and half-year ended September 30, 2026. The company raised ₹204.19 Crore through a public issue and private placement. While the estimated net proceeds were ₹190.47 Crore, the actual net proceeds amounted to ₹189.19 Crore due to higher issuer-related expenses. The filing indicates a deviation in the utilization of funds, specifically for the repayment/prepayment of certain borrowings. The company will also disseminate this information on its investor relations website.
Key Highlights
- Statement of Deviation filed for Q2 and H1 ended Sep 30, 2026.
- Total funds raised: ₹204.19 Crore.
- Actual net proceeds were ₹189.19 Crore, lower than estimated.
- Deviation noted in fund utilization for borrowing repayment.
- Information to be available on the company website.
Price Impact
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