Fund Raising Details
- Mode of Fund Raising: Rights Issue
- Date of Raising Funds: February 25, 2026
- Total Funds Raised: ₹23,97,60,000 (rounded to ₹23.98 crores)
- Reporting Quarter: September 30, 2026
- Monitoring Agency: Infomerics Valuation and Rating Ltd
Utilization Status
- Deviation/Variation in use of funds: No
- Shareholder approval for change in terms: Not Applicable
- Explanation for deviation: Not Applicable
- Audit Committee Comments: Noted that there is no deviation or variation in the utilization of funds raised
- Auditor Comments: NIL
Detailed Fund Utilization Breakdown
Working Capital Requirements
- Original Allocation: ₹18.00 crores
- Funds Utilized: ₹18.00 crores
- Deviation/Variation: None
- Unutilized Amount: None
- Remarks: Entire amount allocated towards Working Capital was fully utilized during the quarter ended March 31, 2026
General Corporate Purpose
- Original Allocation: ₹5.48 crores
- Modified Allocation: ₹5.68 crores
- Funds Utilized: ₹5.68 crores
- Deviation/Variation: None
- Unutilized Amount: None
- Remarks: As at March 31, 2026, ₹0.36 crore remained unutilized. The difference of ₹0.20 crore between estimated and actual issue expenses was adjusted towards General Corporate Purposes and utilized for working capital requirements.
Issue Expenses
- Original Allocation: ₹0.50 crores
- Modified Allocation: ₹0.30 crores
- Funds Utilized: ₹0.30 crores
- Deviation/Variation: None
- Unutilized Amount: None
- Remarks: As at March 31, 2026, ₹0.22 crore remained unutilized. During Q2 2026, the company incurred additional issue expenses of ₹0.01 crore. The adjustment was made pursuant to disclosures on Pages 51-52 of the Letter of Offer dated January 29, 2026.
Overall Utilization Status
Total funds raised: ₹23.98 crores
Total funds utilized: ₹23.98 crores
Unutilized amount: None
Key Dates and References
- Rights Issue Date: February 25, 2026
- Letter of Offer Date: January 29, 2026
- Full utilization achieved by: September 30, 2026
- Regulatory Reference: SEBI LODR Regulation 32