Key Quantitative Figures
- Total Amount Raised: ₹210.70 crore through preferential issue
- Equity Shares Issued: 17,72,200 shares at ₹505 per share (including premium of ₹495 per share)
- Fully Convertible Warrants Issued: 24,00,000 warrants at issue price of ₹505 per warrant
- Amount Received: ₹119.80 crore (₹89.50 crore from equity shares + ₹30.30 crore from 25% warrant proceeds)
- Balance Amount Pending: ₹90.90 crore (75% of warrant proceeds) to be received within 18 months from allotment date
- Warrant Conversion Terms: One warrant converts into 10 equity shares of face value ₹1 each
Fund Allocation Details
| Purpose | Original Allocation (₹ Cr) | Modified Allocation (₹ Cr) | Funds Utilized (₹ Cr) |
| Issue related expenses | 0.28 | 0.28 | Nil |
| Working capital requirements | 81.50 | 81.50 | Nil |
| General Corporate Purposes | 80.25 | 50.00 | Nil |
| Strategic acquisitions | 160.00 | 78.92 | Nil |
| Total | 322.03 | 210.70 | - |
Important Notes
1. Issue expenses had already been incurred but are yet to be reimbursed from the Monitoring Account.
2. Modification in allocated amount is due to undersubscription of the preferential issue of Equity Shares & Fully Convertible Warrants.
3. The company did not receive any funds during the quarter ended March 31, 2026.
4. There was no utilization of funds during the quarter ended March 31, 2026.
Capital Structure Impact
The warrant conversion will result in issuance of 2,40,00,000 equity shares (24,00,000 warrants × 10 shares each) upon full conversion and receipt of balance proceeds.