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Sirca Paints Confirms No Deviation in Use of Preferential Issue Proceeds

Story Highlights
  • Sirca Paints India confirms that funds from its Rs 75.29 crore preferential issue have been used as originally planned.
  • For the December 2025 quarter, the company reports no deviations, with no concerns raised by its audit committee or auditors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sirca Paints Confirms No Deviation in Use of Preferential Issue Proceeds

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An announcement from Sirca Paints India Ltd. ( (IN:SIRCA) ) is now available.

Sirca Paints India Limited has reported that there is no deviation or variation in the utilisation of proceeds from its preferential issue of approximately Rs 75.29 crore raised on 11 September 2025. For the quarter ended 31 December 2025, the company confirmed that the funds have been used strictly in line with the objectives outlined in its offer documents, with no changes approved by shareholders, and no adverse comments from the audit committee or auditors, underscoring disciplined capital deployment and regulatory compliance for investors and other stakeholders.

More about Sirca Paints India Ltd.

Sirca Paints India Limited operates in the paints and coatings industry, focusing on the manufacture and sale of decorative and industrial paints and related products for the Indian market. The company is listed on both the National Stock Exchange of India and BSE, reflecting its presence in the public capital markets.

Average Trading Volume: 25,980

Technical Sentiment Signal: Buy

Current Market Cap: 26.34B INR

For detailed information about SIRCA stock, go to TipRanks’ Stock Analysis page.

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