Fundraising Details
- Mode of Fund Raising: Preferential issue of warrants convertible into equity shares
- Date of Raising Funds: September 7, 2026 (date of allotment)
- Amount Raised: ₹2,10,00,000 (Rupees Two Crore Ten Lakh only), representing 25% of the total warrant issue price
- Total Issue Size: ₹8,40,00,000 (as indicated in the original allocation for the API facility)
- Price per Warrant: ₹21
Utilization Status for Quarter Ended September 30, 2026
- Funds Utilized: ₹0 (zero)
- Unutilized Amount: Entire ₹2,10,00,000 remains unutilized
- Deviation/Variation: No deviation or variation from the stated objects
Purpose of Funds
- Original Object: Greenfield API Manufacturing Facility at Yadgiri, Karnataka
- Modified Object: Not applicable
- Original Allocation: ₹8,40,00,000
- Modified Allocation: Not applicable
Regulatory and Governance Aspects
- Monitoring Agency: Not applicable
- Shareholder Approval: Not applicable (no deviation)
- Audit Committee Comments: Nil
- Auditor Comments: Nil
- Filing Date: November 11, 2026
Financial Impact
The company has not utilized any portion of the proceeds received from the preferential issue. The entire amount of ₹2,10,00,000 remains unutilized as of September 30, 2026. There has been no financial impact during the quarter.