Regulatory29 May 2026, 03:28 pm
Vikram Kamats Hospitality: No Deviation in Use of Proceeds
AI Summary
The Audit Committee of Vikram Kamats Hospitality Ltd reviewed the use of funds raised through equity shares and warrants via private placement offers dated September 28, 2024, and September 13, 2025. The committee found no deviations or variations in the use of proceeds from the stated objectives and projected utilization of funds. Therefore, the submission of a statement of deviation or variation in the use of proceeds under Regulation 32(1) of SEBI (Listing Obligations Disclosure Requirements) Regulations, 2015 for the period ended March 31, 2026, is not applicable.
Key Highlights
- Audit Committee reviewed use of funds from private placements.
- No deviations found in the use of proceeds.
- Proceeds used as per stated objectives and projected utilization.
- Statement of deviation not applicable for period ended March 31, 2026.
Price Impact
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