Fund Raising Details

  • Mode of Fund Raising: Preferential Issues
  • Date of Raising Funds: June 30, 2025
  • Total Issue Size: ₹173.99 Crores
  • Amount Received as of June 30, 2025: ₹43.49 Crores (25% of total issue size)
  • Warrant Details: 20,13,885 warrants issued at ₹216 per warrant as upfront consideration
  • Balance Amount: ₹130.5 Crores (75% of total issue size at ₹648 per warrant) to be received upon conversion
  • Conversion Period: 18 months from date of warrant issuance

Fund Utilization Status

  • Funds Received: ₹43.49 Crores received on June 30, 2025
  • Utilization Status: Fully utilized during quarter ended September 30, 2025
  • Q4 FY26 Activity: No additional funds raised during quarter ended March 31, 2026 as warrant holders did not exercise conversion option

Deviation/Variation Status

  • Deviation/Variation in Use of Funds: No
  • Shareholder Approval Requirement: Not Applicable
  • Audit Committee Comments: No comments after review
  • Auditor Comments: No comments

Monitoring Agency

  • Monitoring Agency: CRISIL Ratings Limited
  • Monitoring Applicable: Yes