Fund Raising Details

  • Mode of Fund Raising: Partly paid-up Right Issue
  • Date of Raising Funds: September 26, 2025 (Allotment date)
  • Total Amount Raised: ₹1957.27 lakhs
  • Amount Received: ₹1771.93 lakhs through application and call payments:
  • Application Money Received: ₹489.32 lakhs
  • First Call Money Received: ₹427.36 lakhs
  • Second Call Money Received: ₹427.26 lakhs
  • Third & Final Call Money Received: ₹427.98 lakhs

Fund Utilization and Deviation Status

  • Deviation/Variation: No deviation or variation in use of funds raised
  • Shareholder Approval: Not applicable
  • Monitoring Agency: Not applicable
  • Audit Committee Comments: No comments
  • Auditor Comments: No comments

Detailed Fund Utilization by Object

| Sr. No | Original Object | Modified Object | Original Allocation (₹ lakhs) | Modified Allocation (₹ lakhs) | Funds Utilized till 30-09-2026 (₹ lakhs) | Remarks |

| 1 | To give advance and/or to owners of the properties for construction/renovation of properties | NA | 974.20 | Nil | 330.49 | - |

| 2 | Repayment, in full or part, of certain borrowings availed by the company | NA | 160.00 | Nil | 160.00 | - |

| 3 | Investment towards unidentified properties for Construction/Renovation of Hotel properties, paying security deposits and General corporate purpose | NA | 473.07 | Nil | 909.43 | Refer Note |

| 4 | To meet the expenses of the Issue | NA | 50.00 | Nil | 50.00 | - |

| Total | | | 1957.27 | Nil | 1,749.93 | |

Explanatory Notes

1. Funds were intended for security deposits and construction advances to both identified properties (Sr. No. 1) and unidentified properties (Sr. No. 3). Due to delayed fund requirements for identified properties, the company interchanged fund usage between objects to expand business through lease rentals and operating expenses for new properties (unidentified at the time of right issue). This represents an interchange of fund use within objects without change in the overall purpose.

2. Future payments towards advances to property owners and/or payments for construction or renovation of identified properties will be met from funds generated from the Company's operations.

3. There was an increase in actual general corporate expenses compared to what was planned at the time of the right issue.