Fund Raising Details
- Instrument: Preferential Issue of Convertible Warrants
- Original Issue Size: 31,25,000 convertible warrants
- Actual Subscription: 23,43,750 convertible warrants
- Issue Price: ₹640 per warrant
- Total Proceeds: ₹150 crore
- Upfront Amount Required (25%): ₹37.5 crore
- Upfront Amount Received by Dec 26, 2024: ₹21 crore
- Remaining Upfront Amount Received Later: ₹16.5 crore (received during an unspecified period after December 26, 2024)
Board Approval and Modified Allocation
The Board of Directors, in its meeting held on December 27, 2024, approved modifications to the original allocation of funds:
- Original Capital Expenditure Allocation: ₹70 crore
- Modified Capital Expenditure Allocation: ₹50 crore (a reduction of ₹20 crore)
- Original General Corporate Purpose Allocation: ₹90 crore
- Modified General Corporate Purpose Allocation: ₹120 crore (an increase of ₹30 crore)
Fund Utilization Status
- Funds Utilized for Capital Expenditure: ₹0 (as per the table, against the modified allocation of ₹50 crore)
- Funds Utilized for General Corporate Purpose: ₹10 crore (as per the table, against the modified allocation of ₹120 crore)
- Total Funds Utilized: Not explicitly stated in the table breakdown.
- Utilization Completion: The entire utilization of the proceeds was completed during the quarter ended June 2025.
- Q4 FY26 Activity: No amount was raised or received by the company during the quarter ended March 31, 2026. Consequently, there was no utilization of funds from this issuance in that quarter.
Financial Impact
Financial impact of the fund utilization is not quantified in the disclosure beyond the allocation and partial utilization figures provided.