Fund Raising Details
- Mode of Fund Raising: Preferential Issues
- Date of Raising Funds: November 29, 2025
- Amount Raised: ₹9,88,68,000 (9.88 crore)
- Report Period: Quarter ended September 30, 2026
- Monitoring Agency: Not applicable
Utilization Status
No Deviation or Variation Reported: The company confirmed there is no deviation or variation in the use of funds raised through the preferential issue. All responses in the deviation section are marked "NA" (not applicable).
Fund Utilization Breakdown (as of September 30, 2026)
Original Allocation and Utilization:
1. Gas Business:
- Original Allocation: ₹2,16,00,000.00
- Funds Utilized: ₹1,97,22,500.00
- Deviation/Variation: ₹0.00
2. Engineering Division:
- Original Allocation: ₹5,56,68,000.00
- Funds Utilized: ₹4,60,18,087.00
- Deviation/Variation: ₹0.00
3. Software Division:
- Original Allocation: ₹2,16,00,000.00
- Funds Utilized: ₹1,87,48,378.00
- Deviation/Variation: ₹0.00
Total Funds Utilized: ₹8,44,88,965.00 (84.49% of total raised amount)
Governance and Approval
- Audit Committee Review: The statement was reviewed by the Audit Committee at its meeting held on November 5, 2026
- Shareholder Approval: Not required as no deviation occurred
- Auditor Comments: None provided
Signatories and Company Information
- Company Secretary and Compliance Officer: Hinisha Patel
- Whole-time Director: Hital Shah (DIN: 00279026)
- Factory: Plot No 71/P Siddhivinayak Estate, Santej - Vadsar Road, Santej, Tal-Kalol, Dist. Gandhinagar, Gujarat