
Corporate Governance8 Aug 2026, 06:40 pm
Windsor Machines: No Deviation in Preferential Issue Fund Utilisation for Q1 FY27
AI Summary
Windsor Machines Ltd has filed a statement confirming no deviation or variation in the utilization of funds raised through a preferential issue for the quarter ended June 30, 2026. The company raised ₹724.99 crore gross and ₹700.07 crore net. Funds were allocated to the acquisition of Global CNC Private Limited, capex requirements, and working capital. The acquisition of Global CNC Private Limited was completed with a slight variation due to actual valuation and TDS deductions, but within acceptable parameters. All other fund utilizations were in line with original allocations.
Key Highlights
- No deviation reported in preferential issue fund utilization for Q1 FY27.
- Gross proceeds of ₹724.99 crore raised via preferential issue.
- Acquisition of Global CNC Private Limited completed with minor adjustments.
- Funds utilized for acquisition, capex, and working capital as planned.
Price Impact
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