Pennar Industries: No Deviation in Warrants Fund Use for Q1 FY27

Pennar Industries Limited has filed a Statement of Deviation or Variation for funds raised through the issue of convertible equity warrants on a preferential basis for the quarter ended June 30, 2026. The company reported that there is no deviation or variation in the utilization of funds raised from the objects stated in the explanatory statement. The funds were raised on June 18, 2026, with an amount of ₹12,60,00,000 raised, representing 25% of the amount received on allotment. The original objects included Working Capital Requirement, Capital Expenditure, and General Corporate Purposes, with no deviations noted in their utilization.