Summary of Key Information:

Nature of Filing / Announcement: Revision in objectwise utilisation of proceeds from preferential issue under Regulation 30 of SEBI LODR Regulations

Date of Board Meeting / Approval: Thursday, 27th August 2026 (commenced at 11:15 AM, concluded at 11:45 AM)

Key Financial Highlights:

Preferential Issue Details:

  • Total equity shares approved: 21,10,000
  • Equity shares allotted on 13th August 2026: 4,64,410
  • Unsubscribed equity shares: 16,45,590
  • Warrants approved: 19,30,000 (fully subscribed)
  • Warrants allotted on 7th August 2026

Proceeds Realization:

  • Actual aggregate proceeds: Rs. 58,66,30,450/-
  • Originally estimated proceeds: Rs. 98,98,00,000/-
  • Breakdown of actual proceeds:
  • Equity allotment: Rs. 11,37,80,450/-
  • Warrant issue price (25% upfront): Rs. 11,82,12,500/-
  • Receivable on warrant exercise: Rs. 35,46,37,500/-

Revised Fund Utilisation Plan:

| Object | Original Allocation (Rs.) | Revised Allocation (Rs.) | Utilization Timeline |

| Purchase of new Plant and Machinery | 3,50,00,000 | Nil | Not Applicable |

| Bank Term Loan and CC repayment | 42,59,03,706 | 10,00,00,000 | 3 Months |

| Marketing and Advertising | 3,50,00,000 | Nil | Not Applicable |

| Working Capital | 35,00,00,000 | 35,00,00,000 | 9 Months |

| General Corporate Purpose | 14,38,96,294 | 13,66,30,450 | 1.5 Years |

| Total | 98,98,00,000 | 58,66,30,450 | |

Commercial Rationale:

  • Working capital allocation retained in full (Rs. 35 crore) to support procurement, inventory, and distribution across product lines (chips, extruded products, namkeen, juices, packaged drinking water)
  • Bank loan repayment reduced to Rs. 10 crore to preserve liquidity headroom for operating cycle
  • Plant machinery and marketing allocations deferred (not abandoned) to be funded from internal accruals or other sources
  • General corporate purpose allocation maintained in same proportion to reduced proceeds
  • Capacity expansion considered discretionary while working capital is essential for operations

Other Significant Information:

  • EGM was held on 17th July 2026
  • EGM Notice dated 19th June 2026 with Corrigendum dated 9th July 2026
  • Future revisions possible if warrants lapse unexercised