Statement on Deviation or Variation in Fund Utilization
Fund Raising Details
- Mode of Fund Raising: Convertible Warrants - Preferential Basis (Preferential Issue)
- Date of Raising Funds: 23/05/2025 (Date of Allotment), with subsequent conversions on 06/08/2026 and 30/09/2026
- Total Issue Size: ₹3,190.00 Lakhs
- Amount Raised as of 30/09/2026: ₹2,481.82 Lakhs (partial receipt of total issue size)
Breakdown of Funds Received
1. Initial Receipt (23/05/2025): ₹797.50 Lakhs (25% received on allotment of 50,00,000 warrants at ₹63.80 per warrant)
2. Conversion Receipts (Q2 FY2027): ₹1,684.32 Lakhs (75% balance consideration received on conversion of 35,20,000 warrants)
- ₹1,205.82 Lakhs received on 06/08/2026
- ₹478.50 Lakhs received on 30/09/2026
Utilization Status
- Total Funds Utilized: ₹2,081.82 Lakhs (exact utilization amount matching raised funds minus unutilized portion)
- Unutilized Proceeds as of 30/09/2026: ₹900.00 Lakhs lying in company's bank account pending utilization
- Deviation/Variation: No deviation or variation in use of funds raised
Original Objects of Fund Raising
Funds were raised for:
- Infusing additional funds into the company
- Employment in business operations
- Augmenting funding needs for repayment of liabilities/debts
- Arrangements with bankers/creditors
- Investment in technology
- General corporate purposes
- Any other purpose as approved by the Board
Financial Impact
All raised funds have been utilized according to original objects stated during fund raising. No financial impact from deviation since no deviation occurred.