Autoriders International filed a SEBI Regulation 32 statement confirming no deviation in use of ₹8.99 crore funds raised via preferential allotment.
Funds were utilized as per original objects: ₹1.77 crore loan repayment, ₹5.04 crore business expansion, and ₹2.17 crore general corporate purposes.
The Audit Committee reviewed and approved the statement on 21st May 2026, with no comments from auditors or monitoring agency.
Chartered accountants Vandana V. Dodhia & Co. certified the fund utilization after verifying books and supporting documents.