Corporate Governance15 May 2026, 05:52 pm
Sunita Tools: No Deviation in Preferential Issue Proceeds
AI Summary
Sunita Tools Ltd. reports no deviations or variations in the use of proceeds from funds raised through preferential issues for the year ended March 31, 2026. The funds were raised on October 20, 2025 (₹299.99 Lakhs) and October 30, 2025 (₹115.50 Lakhs). The company confirms that the funds were utilized as per the original objectives.
Key Highlights
- Sunita Tools confirms no deviation in preferential issue proceeds for FY26.
- Funds raised via preferential issue on Oct 20 & 30, 2025.
- Total funds raised: ₹299.99 Lakhs and ₹115.50 Lakhs respectively.
- Audit Committee and Auditors have no comments on fund utilization.
Price Impact
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