Libas Consumer Products Ltd. Reports No Deviation in Right Issue Fund Utilization for Q2 FY27
Libas Consumer Products Limited reported no deviation in the utilization of ₹1827.96 lakh raised via Right Issue up to June 30, 2026. Funds were allocated for working capital and marketing "KNG" brand. The Audit Committee reviewed the statement on August 14, 2026.
This is a routine regulatory filing confirming adherence to the utilization plan of funds raised through a Right Issue. It does not introduce new material information that would significantly impact the company's stock.
The company reported no deviation in fund utilization, which is a neutral outcome as it meets expectations. There are no positive or negative surprises.
Libas Consumer Products Limited has submitted a Statement of Deviation or Variation concerning the utilization of funds raised through its Right Issue, as per Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report covers the period up to the quarter ended June 30, 2026, and was reviewed by the company's Audit Committee on August 14, 2026.
The company confirms that there has been no deviation or variation in the utilization of the proceeds from the Right Issue from the objects stated in the Prospectus. The total amount raised was ₹1827.96 lakh, with funds raised between September 27, 2022, and October 18, 2022.
Specifically, ₹1,227.96 lakh was allocated for Working Capital requirements, and ₹600.00 lakh was allocated for marketing the innerwear brand “KNG”. The utilization till March 31, 2026, matches the original allocation for both purposes, with no deviation or variation reported for the quarter ended June 30, 2026.
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Libas Consumer Products Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. 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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