Pavna Industries Limited (PAVNAIND) — deviation variation | 13 August 2026

Pavna Industries disclosed no deviation in the use of proceeds from its ₹210.70 crore preferential issue, confirming full compliance with SEBI regulations. The filing details fund allocation across working capital, general corporate purposes, and strategic acquisitions, noting that only ₹38.30 crore of the approved ₹50 crore general corporate allocation was utilized, which remains within permitted limits. The company highlighted that warrant lapses due to delayed payments resulted in forfeiture of ₹30.30 crore, reducing total funds received to ₹119.80 crore, but this does not affect prior compliance with fund usage rules.