Shukra Bullions Cites No Public Issue, Waives SEBI Regulation 32 Disclosure as Stock Falls to Zero

Shukra Bullions told the BSE that SEBI Regulation 32’s deviation statement does not apply for Q4 FY26 after raising no public issue proceeds, and its shares have fallen to zero, erasing market cap.

SEBI Regulation 32 obliges listed firms to disclose how they have used proceeds from any public offer and to report any deviations from the stated objectives. The rule forms part of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and exchanges require a filing whenever such proceeds exist.

The company filed the intimation on 17 April 2026 under scrip code 531506, confirming that no IPO, FPO, rights issue or preferential issue proceeds were received during the quarter and year ended 31 March 2026. Because no public funds were raised, the deviation statement does not apply. Shukra Bullions’ stock recorded a -100% return across one‑day, five‑day, one‑month, six‑month, one‑year and five‑year periods, driving the price to zero and leaving its market capitalization effectively nil.

The filing satisfies the exchange’s disclosure obligation while highlighting the firm’s lack of recent fundraising activity. A zero share price suggests the security may be inactive or subject to delisting procedures, which could affect any future capital‑raising plans. Investors should watch for any announcement of new financing methods, such as debt or private placements, and for the exchange’s next steps regarding the stock’s listing status.