Corporate Governance13 Aug 2026, 06:11 pm
Ampvolts Ltd: No Deviation in Rights Issue Fund Utilization for Q1 FY27
AI Summary
Ampvolts Limited (formerly Quest Softech (India) Limited) has filed its Statement of Deviation and Variation for the quarter ended June 30, 2026, concerning its Rights Issue of ₹48 Cr conducted on February 23, 2024. The company reported no deviation or variation in the utilization of funds raised. The statement was reviewed and approved by the Audit Committee and the Board of Directors on August 13, 2026. This filing confirms adherence to the original objects for which the funds were raised.
Key Highlights
- No deviation reported in fund utilization for Rights Issue.
- Statement covers Q1 FY27 for Ampvolts Ltd.
- ₹48 Cr raised via Rights Issue on Feb 23, 2024.
- Audit Committee and Board reviewed the statement.
- Confirms adherence to original fund utilization objects.
Price Impact
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