Porwal Auto: No Deviation in Preferential Issue Fund Use

Porwal Auto Components Ltd has filed a statement confirming no deviation or variation in the utilization of funds raised through a Preferential Issue for the quarter ended September 30, 2026. The funds were raised on July 9, 2026, totaling ₹1056.25 Lacs (₹10.56 Crore), comprising ₹9,99,99,888 from equity shares and ₹56,24,973 from warrants. The statement, reviewed by the Audit Committee and taken on record by the Board, indicates that the utilization of funds aligns with the original objects, which included capital expenditure for manufacturing facilities and general corporate purposes. No deviations were reported.