Statement of Deviation / Variation in Utilisation of Funds Raised
Nature of Disclosure: Quarterly regulatory compliance filing regarding utilization of funds raised through rights issue.
Fund Raising Details
- Mode of Fund Raising: Rights Issue
- Date of Raising Funds: July 30, 2026
- Amount Raised: ₹48,00,00,000 (₹48 crore)
- Reporting Quarter: September 30, 2026
- Monitoring Agency: Acuite Ratings & Research Limited
Deviation Status
- Deviation/Variation in use of funds: NA (No deviation)
- Change in terms/objects approved by shareholders: NA
- Date of shareholder approval: NA
- Explanation for deviation: NA
- Comments of Audit Committee: NA
- Comments of auditors: NA
Fund Utilization Details
| Original Object | Modified Object | Original Allocation (₹ Cr.) | Modified Allocation (₹ Cr.) | Funds Utilized (₹ Cr.) | Amount of Deviation/Variation (₹ Cr.) |
| Augmenting the capital base of the Company (including expansion of NBFC financing business) | No modified object disclosed/evidenced | 46.50 | Not disclosed | 46.50 | Not applicable |
Key Findings
- Full utilization of ₹46.50 crore allocated for capital augmentation and NBFC business expansion
- No deviation from originally stated objects of the rights issue
- No modification to allocation amounts or purposes required
- No shareholder approval needed for object changes as no changes occurred