Key Quantitative Figures
Preferential Issue of Convertible Warrants to Promoters (Annexure A):
- Number of warrants: 1,219,512
- Amount raised: ₹9,99,99,984 (approximately ₹10 crore)
- Date of raising funds: August 2, 2025
- Purpose: General Corporate Purpose
- Funds utilized: ₹9,99,99,984 (100% utilization)
Preferential Issue of Equity Shares to Non-Promoters (Annexure B):
- Number of shares: 7,774,383
- Amount raised: ₹254,99,97,624 (approximately ₹255 crore)
- Date of raising funds: July 28, 2025
- Monitoring agency: CRISIL Ratings Limited
- Purpose breakdown:
- Working Capital Requirements: ₹1,03,99,99,046 allocated and utilized
- Expansion of existing business: ₹1,29,99,98,808 allocated and utilized
- General Corporate Purpose: ₹20,99,99,770 allocated and utilized
Regulatory Compliance Status
The company confirms that there is no deviation or variation in the utilization of funds raised through both preferential issues. All funds have been utilized exactly as originally disclosed and allocated.
Governance and Signatories
- Rahul Rawat, Company Secretary (Membership No.: A27891), signed the submission letter
- Sandeep Kumar, Chief Financial Officer, certified the annexures on November 12, 2026 in Mumbai
- Audit Committee reviewed and had no comments
- Auditors had no comments
Financial Impact Assessment
The disclosure confirms full utilization of raised funds according to original objects with no deviations. The total funds raised amounted to approximately ₹265 crore (₹10 crore from warrants + ₹255 crore from equity shares).