Corporate Governance5 Nov 2026, 05:42 pm
Shree Rajasthan Syntex: No Deviation in Fund Utilization for Preferential Issue
AI Summary
Shree Rajasthan Syntex Limited has filed a statement confirming no deviation or variation in the utilization of funds raised through a Preferential Issue on November 28, 2025. The funds, totaling ₹1076.56 Lakhs (₹10.77 Crore), were allocated for repaying financial creditors, paying employee dues, and financing working capital and capital expenditure. The company's auditors have certified that the utilization aligns with the stated objects and the company's financial statements for the period ended September 30, 2026.
Key Highlights
- No deviation reported in the utilization of funds from preferential issue.
- Funds raised were ₹1076.56 Lakhs (₹10.77 Crore).
- Utilizations included debt repayment, employee dues, and working capital.
- Auditors have certified the fund utilization report.
- Reporting period is for the quarter ended September 30, 2026.
Price Impact
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