AFCONS Infrastructure Limited has submitted its mandatory utilization statement for the Non-Convertible Debenture (NCD) proceeds for the quarter ending December 31, 2025. The company confirmed the utilization of the entire ₹50.00 Crores raised via Private Placement on October 14, 2025. Crucially, the filing confirms there was no deviation or variation in the intended use of these funds as originally disclosed in the prospectus.
Q3 FY26 NCD Proceeds Disclosure
AFCONS Infrastructure Limited has complied with regulatory requirements by filing the statement detailing the use of proceeds from its recent Non-Convertible Debenture (NCD) issuance. This report covers the quarter ended December 31, 2025 (Q3 of FY26).
Details of Fund Utilization
The utilized funds stem from an issuance completed via Private Placement on October 14, 2025. The total amount raised was ₹50.00 Crores, and the entire amount, ₹50.00 Crores, was utilized within the reporting quarter.
| Particulars | Details |
|---|---|
| Instrument Type | Non-Convertible Debentures (NCD’s) |
| Date of Raising | October 14, 2025 |
| Amount Raised | Rs. 50.00 Crores |
| Period Covered | Quarter Ended December 31, 2025 |
Assessment of Deviation
A key aspect of the filing is the confirmation regarding any change in the intended application of the proceeds. AFCONS explicitly stated that there was No deviation/variation in the use of funds raised. Furthermore, no changes to the original objects outlined in the prospectus/offer document required subsequent shareholder or committee approval.
Signatories
The submission was authorized and signed by Gaurang Parekh, Company Secretary and Compliance Officer (Membership No.: F8764), and reviewed by Ramesh Kumar Jha, Chief Financial Officer.
Source: BSE
