Fund Raising Details

  • Mode of Fund Raising: Allotment of Equity Shares on a preferential basis
  • Date of Raising Funds: 10th March, 2025 (Date of Allotment)
  • Amount Raised: ₹15,88,12,500 (Rupees Fifteen Crores Eighty-Eight Lakhs Twelve Thousand Five Hundred Only)
  • Shares Issued: 1,27,05,000 Equity Shares
  • Issue Price: ₹12.50 per share (comprising a face value of ₹10.00 and a premium of ₹2.50)
  • Shareholder Approval: The issuance was approved by shareholders via postal ballot on 15th February 2025.

Utilization Status as of 30th September 2026

  • Monitoring Agency: Not Applicable
  • Deviation/Variation in Use of Funds: No
  • Explanation for Deviation/Variation: Not Applicable
  • Shareholders' Approval Date for Changes: Not Applicable
  • Audit Committee Comments: None
  • Auditors' Comments: None

Fund Utilization Breakdown (₹ in Crores)

| Original Object | Modified Object | Original Allocation | Modified Allocation | Funds Utilized | Amount of Deviation/Variation | Remarks |

| Attain eligibility and apply for NBFC license and other licenses from Reserve Bank of India to carry activity as per main object of the Company | NA | 11.00 | 5.00 | 1.478 | | Refer Note |

| Development of financial Technology | NA | 3.00 | 7.88 | 7.88 | | |

| General corporate and other purposes | NA | 1.88 | 3.00 | 3.00 | | |

| Total | | 15.88 | 15.88 | 12.358 | | |

Key Notes and Explanations

The note clarifies that as of 30th September 2026, the proceeds allocated for 'Development of financial technology' and 'General corporate purposes' were fully utilized. However, funds allocated for 'Attain eligibility and apply for NBFC license...' were only partially utilized (₹1.478 crore used against a modified allocation of ₹5.00 crore).

The partial utilization was due to delays attributed to reasons beyond the company's control, which necessitated a reallocation of funds. This reallocation was approved by the Audit Committee and the Board of Directors in their meetings held on 29th June 2026. Subsequently, shareholders approved the change via a special resolution passed by postal ballot (remote e-voting) on 31st July 2026.

The reallocation was undertaken due to a changed business environment, operational requirements, and funding priorities. The total amount raised (₹15.88 crore) remains unchanged, with ₹12.358 crore utilized as of the reporting date.