NIBE Limited: No Deviation in Fund Utilization from Preferential Allotment
NIBE Limited reported no deviation in the utilization of ₹104.48 crore raised via preferential allotment on March 5, 2026. Funds were allocated to capital expenditure, debt repayment, and working capital. As of March 31, 2026, ₹6.37 crore remained unutilized.
This is a standard compliance report and does not introduce new information that would significantly impact the company's stock or operations.
The announcement is a routine regulatory filing confirming no deviation in fund utilization, which is a neutral event.
NIBE Limited has submitted a Statement of Deviation or Variation concerning the utilization of funds raised through a Preferential Allotment on March 5, 2026. The company confirms that there has been no deviation or variation in how these funds are being used.
The funds were raised via Preferential Allotment on March 5, 2026, amounting to ₹104.48 crore (104,47,69,000). The statement covers the quarter and year ended March 31, 2026. The utilization of these funds was monitored by Crisil Ratings Limited.
The original objects for which the funds were raised include funding Capital Expenditure for setting up new facilities, repayment of existing borrowing, and augmenting working capital needs. The funds utilized for Capital Expenditure were ₹126.85 crore (12,685 Lakhs), ₹75.00 crore (7,500 Lakhs) for repayment of borrowing, and ₹23.11 crore (2,310.66 Lakhs) for working capital. There were no deviations reported for any of these objects.
As of March 31, 2026, there was an unutilized amount of ₹6.37 crore (6,37,03,097) lying in the company's current account. The Audit Committee and the auditors have reviewed the statement and found no comments required.
What to do with a filing like this
NIBE 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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