Premier Synthetics Limited Reports No Deviation in IPO Proceeds Usage for Q4FY26
Premier Synthetics Limited has submitted its Q4FY26 Statement of Deviation to BSE, confirming no deviations in IPO proceeds usage and maintaining unchanged share capital structure. The company reported no corporate actions including buybacks, bonus issues, or employee stock options over the last three financial years, demonstrating regulatory compliance under SEBI LODR requirements.

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Premier Synthetics Limited has filed its quarterly compliance statement with BSE Limited, confirming no deviation in the utilization of proceeds from its Initial Public Offer (IPO) for the quarter ended 31st March, 2026. The submission was made on 10th April, 2026, in accordance with Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Regulatory Compliance Statement
The company has formally confirmed that there have been no deviations or variations in the use of public issue proceeds raised from its IPO. This statement was submitted pursuant to SEBI Circular No. CIR/CFD/CMD1/162/2019 dated 24th December, 2019, demonstrating the company's commitment to regulatory transparency and compliance.
Share Capital Structure Remains Unchanged
Premier Synthetics has maintained a stable share capital structure over the last three financial years. The company provided detailed confirmation regarding various corporate actions:
| Corporate Action: | Status |
|---|---|
| Buy Back of Securities: | No securities bought back |
| Sweat Equity Shares: | No sweat equity shares issued |
| Bonus Shares: | No bonus shares issued |
| Public Issue/Right Issue/QIP: | No such issues undertaken |
| Employee Stock Option Plan: | No stock option scheme provided |
Regulatory Framework Applicability
The company has clarified that Regulation 32 of SEBI (LODR) Regulations, 2015, which pertains to the Statement of Deviation or Variation for proceeds of Public Issue, Right Issue, Preferential Issue, and QIP, is not applicable to the company given its current corporate structure and activities.
Company Information
The filing was signed by Vinod Rana, Company Secretary (ICSI Membership No. A47963), on behalf of Premier Synthetics Limited. The company operates under CIN L70100GJ1970PLC100829 and maintains its registered office in Ahmedabad, Gujarat, with manufacturing facilities in Gandhinagar district.
Historical Stock Returns for Premier Synthetics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +8.33% | +9.52% | +12.84% | -20.37% | -17.06% | -13.57% |
What are Premier Synthetics' strategic plans for utilizing the IPO proceeds in the upcoming quarters?
Will the company consider any capital restructuring activities like bonus issues or buybacks in the next financial year?
How might Premier Synthetics' stable capital structure position it for potential expansion or acquisition opportunities?































