Ganesh Benzoplast Reports No Deviation in Fund Utilization for Q1 FY27
Ganesh Benzoplast Limited reported no deviation in the utilization of funds raised via preferential issue for the quarter ended June 30, 2026. Funds raised were ₹324 million (32.40 crore) on March 1, 2024. As of June 30, 2026, ₹303.50 million (30.35 crore) was utilized.
This is a standard compliance filing and does not indicate any new material information or significant change in the company's operations or financial standing.
The announcement is a routine regulatory filing confirming no deviation in fund utilization, which is a neutral development.
Ganesh Benzoplast Limited has submitted its Statement of Deviation or Variation in Utilization of Funds under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the first quarter ended June 30, 2026.
The company confirms that there has been no deviation or variation in the utilization of funds raised through a preferential issue.
The preferential issue of equity shares, which raised ₹324 million (32.40 crore), was conducted on March 1, 2024. The funds were originally allocated for capital expenditure, working capital requirements, business expansion, and general corporate purposes. The objects of the issue were modified with the approval of members in the Annual General Meeting held on September 25, 2025.
As of June 30, 2026, the total funds utilized amounted to ₹303.50 million (30.35 crore) against the original allocation. Of this, ₹279.26 million (27.93 crore) was utilized for LPG business expansion and other general corporate requirements. The company explicitly states there is no deviation or variation in the utilization of these funds.
What to do with a filing like this
Ganesh Benzoplast Limited filed this with the NSE as a statutory disclosure, categorised under preferential allotment. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Ganesh Benzoplast Limited. Read the original for the full detail.