Lords Chloro Alkali: No Deviation in Fund Utilization for Q4 FY26
Lords Chloro Alkali Limited reported no deviation in the utilization of ₹32.02 crore raised via conversion of warrants for the quarter ended March 31, 2026. Funds were allocated to capital expenditure, working capital, and general corporate purposes as approved by shareholders. The Audit Committee reviewed and noted the statement.
This is a routine regulatory filing confirming adherence to previous fund-raising approvals and does not introduce new material information that would significantly impact the company's stock or operations.
The announcement is a routine compliance filing confirming no deviation in fund utilization, which is standard procedure and does not inherently signal positive or negative performance.
Lords Chloro Alkali Limited has submitted a Statement of Deviation or Variation for the quarter ended March 31, 2026, as per Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirms that there has been no deviation or variation in the utilization of proceeds raised through the allotment of equity shares pursuant to the conversion of convertible warrants into equity shares.
The funds were raised on February 9, 2026, amounting to ₹32.02 crore. The statement, reviewed by the Audit Committee in its meeting held on May 28, 2026, indicates that the funds were utilized for meeting capital expenditure requirements, working capital requirements, and general corporate purposes, as approved by the shareholders in the General Meeting held on July 12, 2024. The company reported earning an interest of ₹0.05 crore on the utilized amount during the quarter, which was also applied towards the approved objects.
Specifically, the original allocation for capital expenditure was ₹22.70 crore, for working capital was ₹10.00 crore, and for general corporate purposes was ₹10.00 crore. The total funds utilized as of March 31, 2026, match the total amount raised, ₹32.02 crore, with no deviation or variation reported for the quarter.
What to do with a filing like this
Lords Chloro Alkali Limited filed this with the NSE as a statutory disclosure, categorised under sebi compliance 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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See the model portfoliosA plain-language summary of a public exchange filing by Lords Chloro Alkali Limited. Read the original for the full detail.