Regulatory11 Aug 2026, 04:41 pm
Yuken India: No Deviation in Utilisation of ₹5,991.84 Lakhs Preferential Allotment Funds
AI Summary
Yuken India Ltd has submitted its Statement of Deviation/Variation for the quarter ended June 30, 2026, concerning funds raised via preferential allotment on July 24, 2025. The company raised ₹5,991.84 lakhs from Yuken Kogyo Co. Ltd., Japan. Yuken India confirms no deviation in the utilisation of these proceeds from the stated objects, which include expanding business activities and commencing manufacturing of new exportable products. The funds are being utilized as planned, with ₹3,269.49 Lakhs utilized for the stated objectives during the quarter. The Audit Committee has reviewed the statement and found no issues.
Key Highlights
- No deviation reported in the utilisation of ₹5,991.84 lakhs raised via preferential allotment.
- Funds are being used for business expansion and new product manufacturing for export.
- ₹3,269.49 Lakhs utilized for stated objectives in the quarter ended June 30, 2026.
- Audit Committee has reviewed and approved the statement of deviation.
- Proceeds were raised from promoter Yuken Kogyo Co. Ltd., Japan.
Price Impact
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