StockWatch
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Non Banking Financial Company (NBFC)
Regulatory28 May 2026, 11:16 pm

PMC Fincorp Reports No Deviation in ₹589.5 Lakh Preferential Issue Proceeds

AI Summary

PMC Fincorp Limited has confirmed that there is no deviation or variation in the use of proceeds from its preferential issue (warrant allotment) of ₹589.5 Lakhs, raised on February 17, 2026. This disclosure, made pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, includes a Nil Statement of Deviation reviewed by the Audit Committee. The funds were primarily intended to augment the company's capital base for NBFC activities and for general corporate purposes.

Key Highlights

  • PMC Fincorp confirmed no deviation in preferential issue proceeds.
  • ₹589.5 Lakhs raised via warrant allotment on February 17, 2026.
  • Funds allocated for NBFC capital base and general corporate purposes.
  • Nil Statement of Deviation reviewed by the Audit Committee.
  • Disclosure made in compliance with SEBI Regulation 32.