News Stocks Sirca Paints India Reports No Deviation in Preferential Issue Fund Utilization for Q3 FY26Sirca Paints India Reports No Deviation in Preferential Issue Fund Utilization for Q3 FY26
Sirca Paints India Limited has confirmed no deviation in the utilization of Rs 75,29,28000 raised through its preferential issue for the quarter ended December 31, 2025. The company has deployed funds across manufacturing facility expansion (Rs 631.68 lakh utilized), working capital (Rs 179.06 lakh), and general corporate purposes (Rs 429.28 lakh fully utilized), while maintaining full compliance with SEBI regulations. The statement demonstrates transparent fund management and adherence to the original objectives outlined in the preferential issue.
*this image is generated using AI for illustrative purposes only.
Sirca paints India Limited has submitted its quarterly compliance statement to stock exchanges, confirming no deviation in the utilization of funds raised through its preferential issue for the quarter ended December 31, 2025. The statement was filed pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Fund Raising Details
The company successfully raised Rs 75,29,28000 through a preferential issue dated September 11, 2025. The funds were allocated across four strategic objectives to support the company's growth initiatives and operational requirements.
| Parameter: | Details |
|---|---|
| Mode of Fund Raising: | Preferential Issue |
| Date of Raising Funds: | September 11, 2025 |
| Amount Raised: | Rs 75,29,28000 |
| Report Period: | Quarter ended December 31, 2025 |
| Deviation Status: | No |
Fund Utilization Breakdown
The company has deployed the raised funds across its planned objectives without any deviation from the original allocation. The utilization pattern demonstrates focused execution of the company's strategic priorities.
| Object: | Original Allocation (Lakh) | Funds Utilized (Lakh) | Deviation |
|---|---|---|---|
| New Capex for Sirca Welcome and Wembley Manufacturing Facilities: | 3500.00 | 631.68 | 0.00 |
| Extension of Distribution Channel and Brand Promotion: | 600.00 | 0.00 | 0.00 |
| Working Capital: | 3000.00 | 179.06 | 0.00 |
| General Corporate Purpose: | 429.28 | 429.28 | 0.00 |
Manufacturing Expansion Focus
The largest portion of fund utilization has been directed toward manufacturing facility expansion, with Rs 631.68 lakh deployed for new capex at Sirca Welcome and Wembley Manufacturing Facilities out of the allocated Rs 3500.00 lakh. This represents the company's commitment to enhancing production capacity and operational infrastructure.
Working Capital and Corporate Requirements
The company has utilized Rs 179.06 lakh from the Rs 3000.00 lakh allocated for working capital requirements, indicating prudent cash flow management. The entire allocation of Rs 429.28 lakh for general corporate purposes has been fully utilized during the quarter.
Regulatory Compliance
The statement confirms that no monitoring agency oversight was required for this fund raising exercise. Both the audit committee and auditors have provided no adverse comments on the fund utilization, indicating proper governance and oversight mechanisms. Company Secretary and Compliance Officer Hira Kumar signed the compliance statement, ensuring adherence to regulatory requirements and maintaining transparency with stakeholders.
Historical Stock Returns for Sirca Paints
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.41% | -1.35% | -4.06% | +10.92% | +49.85% | +158.23% |
20
