Sandu Pharmaceuticals Reports No Deviation in Fund Utilization for Q3 FY26
Sandu Pharmaceuticals Limited filed its Q3 FY26 compliance statement with BSE confirming no deviation in fund utilization across three preferential issue tranches totaling Rs 5,33,79,995. The company fully utilized funds from the first two tranches raised in 2021-2022, while maintaining partial unutilized balance from the third tranche in escrow account. All funds were deployed according to original objectives including machinery upgrades, marketing infrastructure, and working capital requirements, with Audit Committee approval and no adverse auditor comments.

*this image is generated using AI for illustrative purposes only.
Sandu Pharmaceuticals Limited has filed its quarterly compliance statement with the Bombay Stock Exchange (BSE) confirming no deviation in the utilization of funds raised through preferential issue for the quarter ended December 31, 2025. The statement, submitted on February 6, 2026, covers three separate tranches of fund raising conducted between 2021 and 2022.
Fund Utilization Across Three Tranches
The company reported complete adherence to original fund utilization objectives across all three tranches of preferential issue. The comprehensive statement demonstrates systematic fund deployment for intended business purposes.
| Tranche | Date of Fund Raising | Amount Raised (Rs) | Funds Utilized (Rs) | Deviation Status |
|---|---|---|---|---|
| First Tranche | March 31, 2021 | 2,63,79,653 | 2,63,79,653 | No |
| Second Tranche | February 28, 2022 | 1,38,05,408 | 1,38,05,408 | No |
| Third Tranche | July 14, 2022 | 1,31,94,934 | 42,29,861.19 | No |
Original Fund Utilization Objectives
The proceeds from all three tranches were designated for specific business enhancement activities. The company allocated funds toward revamping existing capital machinery, developing marketing infrastructure, and civil work required for major plant and machinery. Additional objectives included:
- Purchase of new and additional plant and machinery
- Working capital requirements
- Investment in new technologies
- General business enhancement purposes
Regulatory Compliance and Oversight
The statement was prepared pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 and SEBI Circular CIR/CFD/CMD1/162/2019 dated December 24, 2019. The Audit Committee reviewed the statement and noted approval of the fund utilization pattern across all tranches.
| Compliance Parameter | Status |
|---|---|
| Audit Committee Review | Completed and Approved |
| Auditor Comments | No Comments |
| Shareholder Approval Required | Not Applicable |
| Monitoring Agency | Not Applicable |
Outstanding Fund Balance
For the third tranche, the company maintains unutilized funds in an escrow account as of December 31, 2025. A fixed deposit has been created in the name of the company with Bank of Baroda to facilitate fund utilization as and when required for approved objectives.
The statement was signed by Pratika Mhambray, Company Secretary & Compliance Officer, and Umesh Sandu, Managing Director (DIN: 01132141), confirming the accuracy of the reported fund utilization status.
Historical Stock Returns for Sandu Pharmaceuticals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.56% | -1.98% | -10.85% | -30.70% | -37.49% | +12.79% |


































