Rights Issue29 May 2026, 01:22 pm
Viram Suvarn: No Deviation in Funds Utilization for Q4 2026
AI Summary
Viram Suvarn Ltd confirms no deviation or variation in the utilization of proceeds from its Rights issue for the quarter ended March 31, 2026. The funds were raised on February 24, 2026, amounting to ₹3025.3 lakhs. The raised funds were allocated towards meeting working capital requirements (₹2975.63 lakhs) and general corporate purposes (₹25.00 lakhs), with actual utilization aligning with the original plan. The Audit Committee reviewed and the Board has taken the statement on record.
Key Highlights
- Viram Suvarn confirms no deviation in Rights issue proceeds for Q4 2026.
- ₹3025.3 lakhs raised on Feb 24, 2026, utilized as planned.
- ₹3000 lakhs used for working capital, aligning with offer document.
- Audit Committee reviewed and Board has taken the statement on record.
Price Impact
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