Clarification12 Oct 2026, 01:19 pm
Premier Synthetics: No Deviation in IPO Proceeds for Q2 FY27
AI Summary
Premier Synthetics Ltd has confirmed that there have been no deviations or variations in the utilization of funds raised from its Initial Public Offer (IPO) for the quarter ended September 30, 2026. The company also stated that there have been no changes in its share capital over the last three financial years, including no buybacks, sweat equity, bonus shares, or new issuances like public/rights issues, QIPs, or debentures. Consequently, the company has deemed Regulation 32 of SEBI (LODR) Regulations, 2015, regarding the statement of deviation or variation for proceeds of public issues, not applicable.
Key Highlights
- No deviation in IPO proceeds for the quarter ended September 30, 2026.
- No changes in share capital over the last three financial years.
- No securities buyback, sweat equity, or bonus shares issued.
- No new public issues, rights issues, or QIPs were undertaken.
- Regulation 32 of SEBI (LODR) Regulations is not applicable.
Price Impact
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