Libas Consumer Products: No Deviation in Right Issue Fund Utilization for Q3FY26
Libas Consumer Products confirms no deviation in the utilization of INR 1827.96 lakh raised via Right Issue. Funds for working capital and marketing were used as planned up to December 31, 2025. The Audit Committee reviewed the statement on February 13, 2026.
This is a standard regulatory filing confirming adherence to previous disclosures, with no new material information that would significantly impact the company's stock or operations.
The announcement is a routine compliance filing stating no deviation in fund utilization, which is a neutral development.
Libas Consumer Products Limited has submitted a Statement of Deviation or Variation concerning the utilization of funds raised through its Right Issue. The report covers the period up to the quarter ended December 31, 2025. 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 Right Issue, which raised INR 1827.96 lakh, was conducted between September 27, 2022, and October 18, 2022. For the quarter ended December 31, 2025, funds utilized for 'Working Capital requirement' amounted to ₹1227.96 lakh, with no deviation or variation reported. Similarly, ₹475.00 lakh was utilized for 'Marketing for innerwear Brand “KNG”', also showing no deviation or variation.
The Audit Committee of the Company reviewed this statement in its meeting held on February 13, 2026. The company has confirmed compliance with Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
What to do with a filing like this
Libas Consumer Products Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. 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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