Corporate Governance6 Nov 2026, 05:41 pm
Sirca Paints: No Deviation in Preferential Issue Fund Use Q2 FY27
AI Summary
Sirca Paints India Ltd has confirmed that there has been no deviation or variation in the utilization of funds raised through its preferential issue for the quarter ended September 30, 2026. The company raised ₹75,29,28,000 (₹75.29 Crore) via preferential issue on September 11, 2025. The funds were allocated for New Capex, Extension of Distribution Channel, Brand Promotion, and Working Capital. The filing indicates that the utilization aligns with the stated objects, with no changes to the original plans or shareholder approvals required.
Key Highlights
- No deviation reported in the utilization of preferential issue funds for Q2 FY27.
- Funds raised were ₹75.29 Crore via preferential issue on September 11, 2025.
- Utilization aligns with original objects: Capex, Distribution, Brand Promotion, Working Capital.
- No changes in terms or shareholder approvals were necessary.
Price Impact
More from SIRCA