Pavna Industries Ltd Confirms No Deviation in Preferential Issue of Equity Shares & Warrants Use of Proceeds

Pavna Industries Ltd has released a statement of deviation and variation for the quarter ended on December 31, 2025, confirming that there is no deviation or variation in the use of proceeds from the preferential issue of Equity Shares and Fully Convertible Warrants. The company raised Rs. 210.70 crores through this issuance, receiving Rs. 119.80 crores upfront and expecting to receive the balance of Rs. 90.90 crores in tranches within 18 months from the date of allotment. The monitoring agency for this issuance is CARE Ratings Limited.