Regulatory7 May 2026, 04:51 pm
Sirca Paints: No Deviation in Preferential Issue Funds
AI Summary
Sirca Paints India Ltd confirms no deviation or variation in the utilization of funds raised through the preferential issue as of March 31, 2026. The funds were raised on September 11, 2025, amounting to ₹75,29,28,000. The proceeds were allocated for new capex, distribution channel extension, working capital, and general corporate purposes, with no deviations reported in the quarter ended March 31, 2026.
Key Highlights
- Sirca Paints confirms no deviation in use of preferential issue funds.
- Funds raised on 11.09.2025 totaled ₹75,29,28,000.
- Allocation included capex, distribution, working capital, and corporate purposes.
- No modified objects or deviations reported for the quarter ended March 31, 2026.
Price Impact
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