JOJO Limited files SEBI Regulation 32(1) compliance disclosure confirming no deviation in utilization of ₹1 crore preferential issue proceeds.
Company raised ₹1 crore through issuance of 1 crore convertible warrants at ₹40 each approved in September 2024 EGM.
Funds utilized as per original objects: 97% for working capital/repayment/capex and 3% for general corporate purposes.
Audit Committee reviewed and confirmed no deviation/variation in fund usage for quarter ended March 31, 2026.