Jhandewalas Foods Limited has officially confirmed that there has been no deviation or variation in the utilization of funds raised through its preferential issue. The statement covers the quarter ended September 30, 2026. This disclosure ensures transparency and adherence to the objects for which the funds were originally raised.
Confirmation of Fund Utilization
Jhandewalas Foods Limited has issued a statement confirming that the funds raised via its preferential issue have been utilized precisely as per the stated objects. This clarification is in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the relevant SEBI circular dated December 24, 2019.
Quarterly Disclosure
The company has provided this confirmation for the quarter that concluded on September 30, 2026. The enclosed statement details the use of proceeds, affirming that no deviation or variation has occurred in the application of these funds from the original objectives. The board and auditors have reviewed the fund utilization, with no adverse comments noted.
No Deviation Reported
The detailed annexure to the statement explicitly indicates that the funds have been used as per the original objects. There has been no deviation in the use of funds from the initially disclosed purposes. The original and modified objects, as well as allocations and utilizations, are all marked as ‘NA’ or ‘as per objects’, signifying strict adherence.
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