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Indiabulls Ventures Ltd - Statement Of Nil Deviation For The Quarter Ended June 30, 2019, Of Indiabulls Ventures Limited (Hereinafter Referred As The Company Or IVL)

| Updated on July 31, 2019 Published on July 31, 2019

In terms of Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the statement of deviation, for the quarter ended June 30, 2019, on the utilization of proceeds of Rights Issue of the Company is as under:
Receipt of Second call money on the shares allotted under Rights Issue Rs. 4.32 Cr Less: Utilisation
As per the objects stated in the Letter of Offer, for Rights Issue. Rs. 4.32. Deviation Nil
(a) There is no deviation as regards utilization of funds from the Objects stated in the Letter of Offer, for IVLs Rights Issue.

(b) The above referred statement of deviation, for the quarter ended June 30, 2019, was placed before the Audit Committee of the Company, in its meeting held on July 31, 2019, wherein the Committee noted that there is no deviation as regards the utilization of funds from the Objects stated in the Letter of Offer, for Rights Issue and approved the same for submission with the Stock Exchanges, without any comment thereon.

Pdf Link: Indiabulls Ventures Ltd - Statement Of Nil Deviation For The Quarter Ended June 30, 2019, Of Indiabulls Ventures Limited (Hereinafter Referred As The Company Or IVL)

Source : BSE - www.bseindia.com

Published on July 31, 2019
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