Ishan Dyes and Chemicals Limited Reports Fund Utilization Status for Quarter Ended March 31, 2026
Ishan Dyes and Chemicals Limited released its statement detailing the deviation or variation in the utilization of funds raised during the quarter ended March 31, 2026. The company provided reports covering two distinct fund-raising tranches: one related to a preferred issue and another related to a subsequent preferential issue.The company confirmed that for both sets of funds, there was no deviation or variation in the use of proceeds.
Statement for First Fund Raising Event
The first statement pertains to funds raised on March 21, 2026, through a Preferred Issue, with an amount raised of 199.99. The report for the quarter ended March 31, 2026, indicated no deviation in the use of funds.The original allocations for these funds were set for:
- To Acquire and purchase Plant & Machinery, Equipment's and its upgradation: 2000
- To Meet the Working Capital requirements: 800
- To Repay Debts and Borrowings of the Company: 2000
- General Corporate Purposes: 1500
The funds utilized during the quarter amounted to 199.99, which was allocated under the working capital requirement object. The amount of deviation/variation for the quarter was 0.
| Original Object | Original Allocation | Funds Utilised | Amount of Deviation/Variation |
|---|---|---|---|
| To Acquire and purchase Plant & Machinery, Equipment's and its upgradation | 2000 | 0 | 0 |
| To Meet the Working Capital requirements | 800 | 199.99 | 0 |
| To Repay Debts and Borrowings of the Company | 2000 | 0 | 0 |
| General Corporate Purposes | 1500 | 0 | 0 |
Statement for Second Fund Raising Event
A second statement covered funds raised through a Preferred Issue on March 28, 2026, with an amount raised of 349.98. Similar to the first event, the company reported no deviation or variation in the use of these proceeds for the quarter ended March 31, 2026.The original allocations set for this tranche included:
- To Acquire and purchase Plant & Machinery, Equipment's and its upgradation: 2000
- To Meet the Working Capital requirements: 800
- To Repay Debts and Borrowings of the Company: 2000
- General Corporate Purposes: 1500
For this transaction, the funds utilized amounted to 349.98, which was allocated under the working capital requirement object. The amount of deviation/variation was recorded as 0.
| Original Object | Original Allocation | Funds Utilised | Amount of Deviation/Variation |
|---|---|---|---|
| To Acquire and purchase Plant & Machinery, Equipment's and its upgradation | 2000 | 0 | 0 |
| To Meet the Working Capital requirements | 800 | 349.98 | 0 |
| To Repay Debts and Borrowings of the Company | 2000 | 0 | 0 |
| General Corporate Purposes | 1500 | 0 | 0 |
The report was signed by Piyushbhai Natvarlal Patel, Managing Director, on May 28, 2026, in Ahmedabad.
ISHANCH Stock Price Movement
Ishan Dyes and Chemicals Limited shares slipped by 0.64% on Wednesday, settling at ₹64.33 in trading. The equity saw a total volume of 11,704 shares traded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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