StockWatch
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Gems- Jewellery And Watches
Regulatory26 May 2026, 03:30 pm

Shoora Designs: No Deviation in Fund Utilization

AI Summary

Shoora Designs Ltd reports no deviation or variation in the utilization of funds raised through a warrant issue (converted to equity) as per Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The funds, amounting to ₹1,656.25 Lakhs, were raised through a preferential issue and utilized for expansion plans, activities, working capital requirements, and general corporate purposes. The Audit Committee reviewed and confirmed the absence of any deviation for the half year ended March 31, 2026.

Key Highlights

  • Shoora Designs confirms no deviation in fund utilization from warrant issue.
  • Funds raised totaled ₹1,656.25 Lakhs via preferential issue.
  • Audit Committee confirms compliance for the half year ended March 31, 2026.
  • Funds utilized for expansion, working capital, and general corporate purposes.