Bhandari Hosiery's board approved a revision to the utilization of funds from its rights issue, which was only 48.44% subscribed.
The company utilized Rs. 678 lakhs by March 31, 2026, for creditor repayments and issue expenses, with the remainder to be deployed by June 30, 2026.
The board deferred the use of funds for long-term loans and general corporate purposes due to the under-subscription of the rights issue.