No deviation or variation in use of public issue proceeds for Q2 FY27
Fabtech Technologies has informed the exchanges that there was no deviation or variation in the use of money raised through its public issue for the quarter ended September 30, 2026.
By ScoutQuest · · 2 min read
- Quarter
- quarter ended September 30, 2026
- Deviation or Variation
- No
- Monitoring Agency
- CRISIL Ratings Limited
What the company has stated
Fabtech Technologies Ltd has shared its quarterly statement on the use of funds raised through its public issue, for the quarter ended September 30, 2026. The company has confirmed that there has been no deviation or variation in the use of the proceeds.
Key details from the statement
- Funds raised: ~Rs. 230.3 crore through a public issue.
- Mode of fund raising: Public Issue.
- Monitoring agency: CRISIL Ratings Limited.
- Whether there was a deviation or variation: No.
- Explanation for deviation or variation: Not Applicable.
- Audit Committee comments after review: No Comments.
- Auditors' comments, if any: No Comments.
What "no deviation or variation" means
In simple terms, a deviation would mean the money was used for something other than the stated objects, or the amount actually spent differed from what was originally disclosed, or the terms of a contract referred to in the offer document changed. The company's statement says none of these happened in this quarter.
The statement was reviewed by the Audit Committee at its meeting held on October 28, 2026, which is the same date as the letter to the exchanges.
Why this is shared
Companies that raise money from the public have to report every quarter on how those funds are being used, and this statement is the standard format for that report. The presence of CRISIL Ratings Limited as monitoring agency indicates that the use of these funds is being tracked by an outside agency.
What a reader can take away
This is a routine quarterly confirmation rather than a new event. It tells the reader that, as of this statement, the company reports no change in the purpose or pace of spending against its stated objects. The statement as shared does not carry an object-wise break-up of allocation and utilisation for the quarter.
Also from Fabtech Technologies
Fabtech Technologies Q2 FY27: order book ~900 Cr, FY27 operational PAT margin objective 8-9%
28 Oct 2026
Board approves Q2 and H1 FY27 results; Mr. Alan Dias appointed as Senior Management Personnel
28 Oct 2026
Consolidated results for the quarter ended September 30, 2026
28 Oct 2026
More numbers
- Amount raised through public issueRs. 2,30,29,65,305/-
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