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Arrow Greentech Limited — Capital/Financing Update 2020
Jul 2, 2020
61698_rns_2020-07-02_e711e790-39ee-445d-9002-61cf1a4087f5.pdf
Capital/Financing Update
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ARROW GREENTECH LTD
June 30, 2020
To To Manager (CRD) Manager (CRD) BSE Ltd. (BSE) National Stock Exchange of India Ltd. (NSE ) P.J. Towers, Dalal Street, Exchange Plaza, Bandra Kurla Complex Mumbai 400 001 Bandra (E), Mumbai - 400051 Ref: Scrip Code - 516064 Ref: Scrip Code - ARROWGREEN
Sub.: Statement of Deviation or Variation for the quarter ended 31st March 2020
Dear Sir(s),
Pursuant to Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it may be noted that the Company has raised fund through Rights Issue during the quarter ended 31st March, 2020.
Accordingly, submitting herewith NIL Statement of Deviation & Variation for the quarter ended 31st March 2020.
Kindly take the above information on your record.
Thanking you, Yours faithfully,
FOR ARROW GREENTECH LIMITED
Sd/Poonam Bansal Company Secretary Enc!: As above
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ARROW GREENTECH LTD
CIN No.: L21010MH1992PLC069281
Solitaire Corporate Park, Building No 3, Unit No. 372, 7th Floor, Guru Hargovindji Marg,ChakaIa, Andheri (East), Mumbai 400 093, Maharashtra, Phone: +91 22‐4074 9000 Fax : +91 22 4074 9099 Email : [email protected] Website: www.arrowgreentech com Works: Plot No 531 0,5311, GIDC, Ankleshwar 392002, Gujarat, INDIA Phone : +912646‐224743/224744 E‐mail : [email protected]
ARROW
GREENTECH LTD
| ARROW GREENTECHLTD |
ARROW GREENTECHLTD |
|
|---|---|---|
| Statement of Deviation/ Variation in utilization of funds raised | ||
| Name of listed entity | Arrow Genentech Limited | |
| Mode of Fund Raising |
Rights Issue |
|
| Date of Raising Funds |
19~~th~~March 2020 | |
| Amount Raised | Rs.8,45,27,640/- | |
| Report filed for Quarter ended |
March 31, 2020 | |
| MonitoringAgency | Not Applicable | |
| Monitoring Agency Name, if applicable |
Not Applicable | |
| Is there a Deviation/ Variation in use of funds raised |
Not Applicable | |
| If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved bythe shareholders |
Not Applicable | |
| If Yes, Date of shareholder Approval |
Not Applicable | |
| Explanation for the Deviation / Variation |
Not Applicable | |
| Comments of the Audit Committee after review |
Not Applicable | |
| Comments of the auditors, if any |
Not Applicable | |
| Objects for which funds have been raised and where there has been a deviation, in the following table |
Not Applicable |
ARROW GREENTECH LTD
CIN No.: L21010MH1992PLC069281
Solitaire Corporate Park, Building No 3, Unit No. 372, 7th Floor, Guru Hargovindji Marg,ChakaIa, Andheri (East), Mumbai 400 093, Maharashtra, Phone: +91 22‐4074 9000 Fax : +91 22 4074 9099 Email : [email protected] Website: www.arrowgreentech com Works: Plot No 531 0,5311, GIDC, Ankleshwar 392002, Gujarat, INDIA Phone : +912646‐224743/224744 E‐mail : [email protected]
ARROW
GREENTECH LTD
| Original Object | Modified Object, if any |
Original Allocation |
Modifi ed Allocat ion if any |
Funds Utilized during the quarter ended 31st March 2020 |
Amount of Deviation/Va riation for the quarter according to applicable object |
Remarks if any |
|---|---|---|---|---|---|---|
| The proceeds of the issue will be utilize for CAPEX for ACT (Anti Counterfeit Thread) Project, to provide loan to Wholly owned subsidiary Company, namely, Avery Pharmaceuticals Pvt. Ltd, meeting Working Capital requirement and General corporate purposes of the Company |
- | Rs.8,45,27,640/- | - | Rs.2,00,03,966 | - | NIL Deviation |
Deviation or variation could mean:
(a) Deviation in the objects or purposes for which the funds have been raised or
(b) Deviation in the amount of funds actually utilized as against what was originally disclosed or (c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc
Thanking you,
FOR ARROW GREENTECH LIMITED
Sd/-
Poonam Bansal Company Secretary
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ARROW GREENTECH LTD
CIN No.: L21010MH1992PLC069281
Solitaire Corporate Park, Building No 3, Unit No. 372, 7th Floor, Guru Hargovindji Marg,ChakaIa, Andheri (East), Mumbai 400 093, Maharashtra, Phone: +91 22‐4074 9000 Fax : +91 22 4074 9099 Email : [email protected] Website: www.arrowgreentech com Works: Plot No 531 0,5311, GIDC, Ankleshwar 392002, Gujarat, INDIA Phone : +912646‐224743/224744 E‐mail : [email protected]