Fund Raising Details

  • Mode of Fund Raising: Right Issue of Partly Paid-up Equity Shares
  • Date of Raising Fund: August 21, 2025
  • Total Amount Raised: Rs. 25,69,25,421/-
  • Rs. 25,18,36,316/- received on application and call (for 90% of total allocation)
  • Rs. 50,89,105/- received as 30% on application (for remaining 10% of total allocation)
  • Reference Document: Letter of Offer dated July 12, 2025
  • Share Details: 2,39,84,411 fully paid-up equity shares (Rs. 10.50 each payable on application and call) and 16,15,589 partly paid-up equity shares (Rs. 3.15/- each payable on application)

Utilization of Proceeds

Proceeds have been utilized exactly as per the objects stated in the Letter of Offer:

  • NBFC Operational Scale Enhancement: Rs. 6.72 crore (Rs. 672.00 Lakhs) utilized for increasing operational scale with respect to NBFC activities
  • General Corporate Purposes: Rs. 55.26 lakh utilized
  • No deviation: Zero deviation from originally stated objects

Review and Approval

  • Audit Committee Review: Conducted via circulation on May 28, 2026
  • Audit Committee Comments: No comments
  • Auditor Comments: No comments
  • Filing Date: May 28, 2026

Additional Information

  • The company received 100% amount on application and call for 90% of total allocation amount
  • For remaining 10% of total allocation, 30% amount was received on application
  • Balance amount shall be payable on calls as determined by the Board
  • The statement confirms no deviation in objects, amount utilized, or terms of contract