Corporate Governance29 Jul 2026, 06:41 pm
Aeroflex Neu Reports No Deviation in Fund Utilization for Q1 FY27
AI Summary
Aeroflex Neu Ltd (formerly Sah Polymers Limited) has filed its Statement of Deviation and Variation for the quarter ended June 30, 2026. The company raised ₹6,480 Lakhs through the allotment of convertible warrants on a preferential basis on July 25, 2025. The report confirms there has been no deviation or variation in the utilization of these funds as per SEBI regulations. The statement has been reviewed by the Audit Committee and taken on record by the Board of Directors. While ₹1,620 Lakhs has been received, the remaining ₹4,860 Lakhs is expected upon warrant conversion.
Key Highlights
- No deviation in fund utilization for Q1 FY27 reported.
- Funds raised via preferential allotment of warrants in July 2025.
- Total funds raised amounted to ₹6,480 Lakhs.
- Audit Committee and Board of Directors have reviewed the statement.
- Partial fund receipt; balance due upon warrant conversion.
Price Impact
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