Regulatory29 May 2026, 04:31 pm
Piccadily Agro: No Deviation in
AI Summary
Piccadil Agro Industries Limited has filed its Statement of Deviation for the quarter ended March 31, 2026, as mandated by SEBI regulations. The report, certified by its statutory auditors M/s Jain & Associates, confirms that the company has utilized the entire ₹50 crore proceeds from the preferential allotment of Convertible Warrants to M/s Soon-N-Sure Holdings Limited solely for the 'Objects of the Issue' as disclosed in the original offer document. The auditors found no material deviations in the utilization of these funds, ensuring compliance with the stated purpose of the preferential issue.
Key Highlights
- Company confirms no deviation in fund utilization for preferential issue.
- ₹50 crore proceeds from warrants allotted to M/s Soon-N-Sure Holdings Limited.
- Funds were used exclusively for the 'Objects of the Issue'.
- Statutory auditors M/s Jain & Associates certified the compliance.
- Filing ensures adherence to SEBI Regulation 32 for Q4 FY26.
Price Impact
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