Regulatory12 Aug 2026, 05:01 pm
Shree Rajasthan Syntex: No Deviation in Preferential Issue Fund Use
AI Summary
Shree Rajasthan Syntex Ltd. 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, were allocated for repaying financial creditors, paying workmen/employees, financing working capital, and capital expenditure. For the quarter ended June 30, 2026, all allocated funds were utilized as planned, with a minor unutilized amount of ₹40.70 Lakhs pending utilization for capital expenditure, specifically for new machinery and equipment. The company's auditor, Doogar & Associates, has provided a certificate confirming the utilization of funds.
Key Highlights
- No deviation reported in the utilization of ₹1076.56 Lakhs raised via Preferential Issue.
- Funds were allocated for debt repayment, employee dues, working capital, and capex.
- All allocated funds were utilized as per the objects of the issue.
- A small amount of ₹40.70 Lakhs is pending for capital expenditure.
- Auditor's certificate confirms fund utilization as per records.
Price Impact
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