Key Quantitative Figures
- Total Funds Raised (cumulative till September 30, 2026): ₹158.68 crore
- Amount Raised in Latest Tranche (September 22, 2026): ₹57.08 crore
- Total Funds Utilized: ₹100.49 crore
Fund Utilization Breakdown
Object-wise Utilization (in ₹ Crore):
- Redemption of Preference Shares: Original allocation ₹19.64, utilized ₹19.64 (100%)
- Payment of Overdue Liabilities: Original allocation ₹5.36, revised to ₹4.82, utilized ₹4.82 (100%)
- Investment in Subsidiary Company: Original allocation ₹120.00, utilized ₹62.00 (51.67%)
- Capex including Solar Project: Original allocation ₹12.00, revised to ₹7.00, utilized ₹2.77 (39.57%)
- Working Capital Requirements: Original allocation ₹10.10, revised to ₹13.54, utilized ₹11.26 (83.16%)
- General Corporate Purpose: Original allocation ₹10.00, revised to ₹1.84, utilized ₹0.00 (0%)
Monitoring and Compliance
- Monitoring Agency: CARE Ratings Limited
- Deviation/Variation Status: No deviation or variation in use of funds raised
- Shareholder Approval: Not applicable (no deviation)
- Audit Committee Comments: Not provided
- Auditor Comments: Not provided
Subsidiary Investment Details
Funds were utilized towards equity investment in subsidiary company Kinetic Watts and Volts Limited via right issue, as per the objects of the issue.
Capex Project Status
Payment of ₹0.38 crore made against purchase orders where invoices were received during the quarter.
Working Capital Utilization
Funds utilized towards vendor payments of the company.
Signatories and Dates
- Additional Signatory: Mayak Shevade, Chief Financial Officer