ALPHA TRIBE

ARVIND PORT AND INFRA LIMITEDOthers, 29-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

29-05-2025 | 06:30 pm

Arvind Port and Infra Limited has announced a board meeting on the financial results for the quarter and half-year. The company raised Rs. 33.99 Cr through a preferential issue of 49.28 lakh equity shares and Rs. 6.86 Cr via fully convertible warrants, with proceeds used for repaying borrowings, funding future needs, purchasing barges, working capital, acquisitions, and general corporate purposes. Additionally, Rs. 3.79 Cr was raised from the conversion of 7.33 lakh warrants, fully utilized for the same objectives. Fund utilization is on track with no deviations reported.

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