Ambuja Cements Limited has officially confirmed the status of funds raised through its preferential issue of equity shares. As of the quarter ended March 31, 2026, the company reported no deviations or variations in the utilization of proceeds. The audit committee has reviewed the statement, confirming that the funds, totaling Rs 15,000.046 crore, have been directed toward their intended corporate objectives and capital projects as originally planned.
Fund Utilization Overview
In a formal update, Ambuja Cements has provided a detailed reconciliation of the capital raised through its preferential issue. The company confirmed that for the quarter ending March 31, 2026, there has been zero deviation in the use of funds. The entire capital allocation remains consistent with the objectives established at the time of the fundraising, ensuring transparency and adherence to the company’s growth strategy.
Breakdown of Financial Allocation
The company successfully raised a total of Rs 15,000.046 crore, completed in two distinct tranches: Rs 6,660.946 crore on March 28, 2024, and Rs 8,339.099 crore on April 17, 2024. As of the latest reporting period, the company has successfully deployed Rs 14,895.1 crore of the total proceeds.
Strategic Deployment of Capital
The capital raised continues to support several critical business areas essential for long-term growth. These include:
- Capital expenditures and plant de-bottlenecking
- Enhancement of logistics infrastructure and digital transformation
- ESG compliance initiatives to optimize plant operations
- Support for acquisitions and consolidation
- General corporate and working capital requirements
The audit committee and independent auditors have reviewed the utilization statement and recorded no comments or irregularities, signaling full compliance with the company’s stated financial roadmap.
Source: BSE
