StockWatch
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Non Banking Financial Company (NBFC)
Corporate Governance22 Oct 2026, 05:10 pm

Trishakti Industries: No Deviation in Fund Use from Warrants

AI Summary

Trishakti Industries Ltd has filed a Statement of Deviation for the quarter and half-year ended September 30, 2026. The company confirms there has been no deviation or variation in the utilization of funds raised through the conversion of warrants (issued on a preferential basis) into equity shares. The total amount raised was ₹4,95,64,350 (₹4.96 Crores). The funds were intended for business expansion, repayment of debt, strategic investments, working capital, and general corporate purposes. The statement, reviewed by the Audit Committee, indicates a nil deviation, and no comments were made by the Audit Committee or auditors.

Key Highlights

  • No deviation reported in the use of funds from warrant conversion.
  • Funds raised were ₹4,95,64,350 (₹4.96 Crores).
  • Utilisation was for expansion, debt repayment, and working capital.
  • Audit Committee reviewed and found no issues.
  • Statement covers the quarter and half-year ended September 30, 2026.