Date: August 14, 2026

Board Meeting Outcomes

Not Specified

Financial Results

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

KMP / Board / Auditor Changes

Not Specified

Disinvestment / Strategic Actions

Not Specified

Other Operational / Legal / Strategic Disclosures

Monitoring Agency Report Details:

  • Report prepared by Brickwork Ratings India Private Limited as Monitoring Agency
  • Covers quarter ended June 30, 2026
  • Related to Rights Issue of Equity Shares aggregating to ₹14.09 crore
  • Issue period: April 02, 2026 to April 30, 2026
  • Monitoring conducted pursuant to SEBI ICDR Regulations, 2018 (amended as on March 8, 2025)

Issue Proceeds Utilization Status:

  • To reduce other current financial liabilities by repaying part of advances: ₹1.16 crore allocated, ₹0.00 utilized
  • To deposit any balance dues under the Scheme of Compromise and Arrangement: ₹12.25 crore allocated, ₹0.00 utilized
  • General corporate purposes: ₹0.28 crore allocated, ₹0.00 utilized
  • Issue Expenses: ₹0.40 crore allocated, ₹0.52 utilized (₹0.12 overspent)
  • Total unutilized amount as on June 30, 2026: ₹13.57 crore

Deployment of Unutilized Proceeds:

All unutilized funds are parked in fixed deposits with various banks:

1. Canara Bank FD ₹1.325 crore @ 6.25% maturing May 17, 2027

2. Canara Bank FD ₹2.00 crore @ 6.25% maturing May 18, 2027

3. Canara Bank FD ₹10.00 crore @ 7.00% maturing May 16, 2027

4. Canara Bank FD ₹0.0065 crore @ 6.60% maturing May 17, 2027

5. Canara Bank FD ₹0.2373 crore @ 6.50% maturing August 13, 2027

Key Findings:

  • No deviation from objects disclosed in Offer Document
  • No material deviations from expenditures disclosed in Offer Document
  • No change in means of finance for disclosed objects
  • All Government/statutory approvals related to objects obtained
  • No favorable or unfavorable events affecting viability of objects
  • No delay in implementation of objects (all ongoing except issue expenses completed)
  • General corporate purposes utilization: ₹0.00 as on June 30, 2026

Promoter Status Update:

Reclassification from promoter to public category for 'T Satish U Pai' was approved by Board of Directors on June 8, 2026. Application made to stock exchange on same day. Approval from stock exchange pending as of report date.

Promoters Listed: Jaya S Pai, Tonse Sudhakar Pai, Sheela Pai, Varada S Prabhu and T Satish U Pai*

Verification Sources: Bank Statements, Company letter, CA certificate from H.G. Sarvaiya & Co. Chartered Accountant dated August 08, 2026