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Nitco Ltd. Capital/Financing Update 2020
62410_rns_2020-02-12_dfaa0298-b785-4f17-828f-b5dfce9f1ee4.pdf
Capital/Financing Update
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February 12,2020
To,
| Corporate Service Dept. | The Listing Department, | |||||
|---|---|---|---|---|---|---|
| BSE Limited | National Stock Exchange of India Limited | |||||
| Jeejeebhoy Towers | Exchange Plaza, Bandra Kurla Complex, | |||||
| Dalal Street, | Bandra (E), | |||||
| Mumbai- 400 001 |
Mumbai - 400051. |
|||||
| Scrip_t code: 532722 | Script code: NITCO |
Sub: Disclosure under regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Dear Sir/ Madam,
Pursuant to regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019, please find enclosed herewith the Statement of Deviation(s) or Variation(s) for the quarter ended December 31, 2019, duly reviewed by the Audit Committee at its meeting held on February 12, 2020.
This is for your information and record.
For Nitco Limited
t Motwani pany Secretary & Compliance Officer
STATEMENT OF DEVIATION / VARIATION IN UTILISATION OF FUNDS RAISED, FOR THE QUARTER ENDED DECEMBER 31, 2019.
| N arne of listed entity | Nitco Limited | ||
|---|---|---|---|
| Mode of Fund Raising | I Preferential Issues |
||
| Date of Raising Funds | 22/02/2018 | ||
| Amount Raised | 97.5 Crore | ||
| Report filed for Quarter ended | December 31, 2019 | ||
| Monitoring Agency | Applicable | ||
| Monitoring Agency Name, if applicable | JM Financial Asset Reconstruction Company Limited |
||
| Is there a Deviation/Variation in use of funds raised |
No | ||
| If yes, whether the same is pursuant to change in terms of a contract oro bjects, which was approved by the shareholders |
Not Applicable | ||
| If Yes, Date of shareholder Approval | Not Applicable | ||
| Explanation for the Deviation J Variation | Not Applicable | ||
| Comments of the Audit Committee after review |
Noted | ||
| Comments of the auditors, if any | None | ||
| Objects for which funds have been raised and where there has been a deviation, in the following table |
There are no deviations - |
||
Rs. in Crore
| Original Object | Modifie d Object, if any |
Original Allocati I on |
Modifi ed Allocat ion, if any |
Funds Utilised |
Amount of DeviationfV ar iation for the quarter according to applicable object |
Remarks , if any |
|---|---|---|---|---|---|---|
| Working Capital and general corporate purpose |
NA | 97.5 | NA | 85.93 | NIL | None |
Chief Financial Officer Date: February 12,2020
