Regulatory18 May 2026, 03:54 pm
Rishabh Instruments: Deviation in Fund Utilization for FY26
AI Summary
Rishabh Instruments Ltd reported a deviation in the utilization of funds raised through a public issue on September 11, 2023, with a total amount raised of ₹750 million. The report, filed for the quarter ended March 31, 2026, indicates deviations in the allocation and utilization of funds for the expansion of the Nashik Manufacturing Facility and general corporate purposes. Shareholders approved the changes on September 13, 2024. The audit committee and auditors have no specific comments on the deviations.
Key Highlights
- Deviation reported in fund utilization from public issue proceeds.
- Shareholder approval obtained for changes on September 13, 2024.
- Deviations noted in Nashik facility expansion and general corporate purposes.
- ₹245.89 Million utilized for Nashik Manufacturing Facility I expansion.
- ₹77.20 Million utilized for General Corporate Purpose.
Price Impact
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