Working capital: ₹116,00,00,000 utilized (original allocation ₹116,00,00,000)
General corporate purpose: ₹101,23,31,100 utilized (original allocation ₹100,00,00,000)
Parties Involved
Listed Entity: Windsor Machines Limited
Monitoring Agency: ICRA Limited
Acquisition Target: Global CNC Private Limited
Regulatory Authorities: BSE Limited (Scrip Code: 522029), National Stock Exchange of India Limited (Trading Symbol: WINDMACHIN)
Company Officer: Rohit Dineshbhai Sojitra, Company Secretary and Compliance Officer
Financial Impact and Rationale
No Deviation/Variation: The company confirmed no deviation in utilization of funds raised through preferential issue.
TDS Adjustment: For the Global CNC acquisition, the company deducted TDS @0.1% u/s 194Q amounting to ₹34.31 lakhs, paid from Windsor's current account (not from share proceeds). The net amount paid was ₹342.77 crore instead of the originally allocated ₹344.00 crore.
Balance Reallocation: The balance amount of ₹1.23 crore from the acquisition allocation was utilized for general corporate purposes, increasing that allocation from ₹100.00 crore to ₹101.23 crore.
Working Capital Rationale: The working capital requirements of Windsor Machines Limited and Global CNC Private Limited were merged pursuant to the NCLT order dated March 19, 2026, approving the amalgamation effective from April 1, 2025.
Audit and Compliance Status
Audit Committee Review: Reviewed and approved the statement on November 03, 2026
Auditor Comments: No comments
Monitoring Agency Comments: No comments
Shareholder Approval: Not applicable (no deviation)
