TITrishakti Industries531279Routine SEBI update

Nil deviation statement for warrant conversion proceeds, quarter ended September 30, 2026

Trishakti Industries has shared its quarterly statement on the use of funds from conversion of preferential warrants into equity shares.

By ScoutQuest · Thu 22 Oct 2026, 4:56 PM IST · 2 min read

Warrants Converted

4,18,000 warrants converted into equity shares at Rs. 158.10 per warrant

Amount Received

Rs. 4,95,64,350 received as the balance 75% of the issue price; funds raised on 02/09/2026

Funds Utilised

4.95 Crores, with no deviation or variation

What the company shared

Trishakti Industries has submitted its statement on deviation or variation in the use of proceeds for the quarter and half year ended September 30, 2026. The money in question came from converting warrants, which were issued on a preferential allotment basis, into equity shares of the company.

This is a periodic disclosure that a listed company makes after raising money, telling investors whether the funds were used for the purposes it had stated.

The main confirmation

The company states plainly that there is no deviation or variation in the use of the funds raised.

• The statement is described as a Nil statement of deviation.
• It has been reviewed by the Audit Committee of the company.
• Audit Committee comments: No Comments.
• Auditors' comments: No Comments.
• Monitoring agency: Not applicable.

The numbers behind the fund raise

• 4,18,000 convertible warrants were converted into equity shares.
• The amount received was the balance 75% of the issue price of Rs. 158.10 per warrant.
• Money received: Rs. 4,95,64,350.
• Date of raising funds: 02/09/2026.

Where the money stands

The table in the update shows the funds utilised as 4.95 Crores, with the amount of deviation or variation marked NA.

The objects stated for the proceeds cover business expansion, repayment of existing debt, acquisition of strategic investments, meeting working capital requirements (including payment of equated monthly instalments), and general corporate purposes.

What "deviation or variation" means

As the update itself explains, a deviation or variation can mean any of three things

• a deviation in the objects or purposes for which the funds were raised;
• a deviation in the amount of funds actually utilised compared with what was originally disclosed; or
• a change in the terms of a contract referred to in the fund-raising document.

A Nil statement therefore says none of these three has happened during the period.

What a retail investor can take away

This is a routine, factual update rather than a business event. Its usefulness is that it records, on the record with the exchanges, that the warrant-conversion money has been applied as stated, with the Audit Committee and auditors raising no comments. It does not by itself change anything about the company's operations or earnings.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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