Markolines Pavement Technologies (MARKOLINES) — deviation variation

Markolines Pavement Technologies Limited confirmed no deviation or variation in the use of proceeds from the conversion of warrants issued on January 30, February 27, and March 5, 2026, for the quarter ended March 31, 2026. The company raised Rs.2,01,46,500 by issuing 1,62,800 equity shares at Rs.165 per share, fully aligned with the original objects of enhancing capital base, supporting business expansion, purchasing equipment, and repaying existing loans. Funds were utilized within the stipulated 12-month period, with no unutilized amounts requiring reallocation. The Audit Committee reviewed and recorded the statement of no deviation on May 26, 2026, and both the Audit Committee and auditors found no comments on the utilization. This compliance underscores strict adherence to SEBI regulations and transparency in fund deployment.

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About Markolines Pavement Technologies Limited (MARKOLINES)

Construction · Construction · Listed on NSE

Market Cap: ₹362.71 Cr

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