
Corporate Governance12 Aug 2026, 06:13 pm
Singer India: No Deviation in Preferential Issue Fund Use for Q1 FY27
AI Summary
Singer India Ltd has confirmed no deviation or variation in the utilization of funds raised through a Preferential Issue during the quarter ended June 30, 2026. The funds were raised on December 29, 2025, amounting to ₹4,48,55,173.02. The original object for the funds was meeting requirements for manufacturing facility expansion, including designing and development of tools and equipment for sewing machines. The statement, reviewed by the Audit Committee, indicates that all utilized funds align with the stated objects. This disclosure will also be hosted on the company's website.
Key Highlights
- No deviation reported in preferential issue fund utilization for Q1 FY27.
- Funds raised were ₹4.48 Cr via preferential issue on Dec 29, 2025.
- Original object: Manufacturing facility expansion and tool development.
- Statement reviewed by the Audit Committee.
- Disclosure to be hosted on the company website.
Price Impact
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