Date: November 04, 2026
Board Meeting Outcomes
- The document provides clarification regarding the objects of preferential issue of equity shares and convertible warrants
- Clarification addresses Point F of Explanatory Statement 1 & 2 regarding object of the preferential issue
- The clarification aims to remove ambiguity/confusion in the bifurcation and note to the Object of the Issue
Fundraising Details
Item No 1 Preferential Issue:
- Total issue size: ₹2,00,25,000
- Utilization: Working Capital Requirements and Capital Expansion
Item No 2 Preferential Issue:
- Total issue size: ₹8,01,00,000
- Utilization: Working Capital Requirements and Capital Expansion
Combined Fund Utilization:
- Total preferential issue amount: ₹10,01,25,000
Working Capital Requirements Breakdown
- Procurement of raw materials
- Vendor and service provider payments
- Operational costs
- Employee salaries
- Marketing expenses
- Logistics costs
- Rent payments
- Insurance costs
- Statutory and compliance costs
- Advances and deposits required for smooth business operations
Capital Expansion Breakdown
Capacity Addition & Modernization:
- Enhancing existing manufacturing capabilities
- Upgrading plant machinery
- Investing in process automation and technology to meet growing demand
Strategic Growth & Business Avenues:
- Exploring potential expansion opportunities
- Preliminary evaluation of acquiring or establishing additional new unit to expand operational scale