Key Regulatory Context
The company addresses Regulation 32 of SEBI (LODR) Regulations, 2015, which requires listed entities to submit statements indicating:
- Deviations in the use of proceeds from objects stated in offer documents
- Category-wise variations between projected and actual utilization of funds (capital expenditure, sales and marketing, working capital, etc.)
Share Issuance Status
The company received shareholder approval for issuance of Unlisted 2% Non-Convertible Preference shares on preferential basis amounting to ₹5,00,00,00,000 (Rupees Five Hundred Crore only) at the AGM held on September 24, 2026. However, the issuance process has not been initiated as of the date of this communication.
Financial Impact
No proceeds have been received from any share issuance (public issue, rights issue, preferential issue, etc.) as of September 30, 2026. Consequently, the requirements of Regulation 32 regarding reporting of fund utilization deviations and variations are not applicable to the company for the specified period.
Previous Filing Recall
The company explicitly recalls and nullifies its earlier communication filed on October 7, 2026, under the head of 'statement of deviation and variation'. The company requests that BSE not take this earlier filing on record.
Future Compliance Commitment
The undertaking states that when the company initiates the issuance process for the approved preference shares, it will make all requisite filings as per applicable provisions at that time.
Certification
The undertaking is certified by Deepak Kumar Bhojak, Managing Director (DIN: 06933359) of Alstone Textiles (India) Limited, on behalf of the Board of Directors.