Key Transaction Details

The disclosure pertains to a preferential allotment of Convertible Warrants which were converted into equity shares on 24.09.2025. The allotment was made to M/s Soon-N-Sure Holdings Limited amounting to Rs. 50 crores.

Auditor's Certification

M/s Jain & Associates, Chartered Accountants, certified that Piccadily Agro Industries Limited has utilized the issuance proceeds only for the "Objects of the Issue" as disclosed in the offer document pertaining to its preferential issue of Compulsory Convertible Debentures and Convertible Warrants. The gross proceeds from the issue amount to Rs. 50 Crores. No material deviations were observed in the utilization of proceeds.

Proceeds Breakdown

  • Gross Proceeds From Issue: Rs. 50.00 Crores
  • Issue Related Expense: Not Recognized
  • Net Proceeds: Rs. 50.00 Crores

Utilization Details

For the quarter ended 31.03.2026, the amount utilized against each object was nil for all categories at the beginning, during, and at the end of the quarter. The objects were:

  • Expansion of Business
  • Long-Term Working Capital
  • General Corporate Business

Unutilized Proceeds Investment Details

As of 31.03.2026, unutilized proceeds were invested in fixed deposits and a current account:

| Instrument | Entity | Amount Invested (₹ Crores) | Maturity Date | Earnings (₹ Crores) | Return (%) | Market Value (₹ Crores) |

| Fixed Deposit | Punjab National Bank | 2.00 | 06-06-2026 | 0.1836 | 7.45% | 12.18 |

| Fixed Deposit | Punjab National Bank | Not Stated | 25-06-2026 | 0.1246 | 5% | 10.12 |

| Fixed Deposit | Punjab National Bank | 10.00 | 28-06-2026 | 0.1260 | 5% | 10.12 |

| Fixed Deposit | Punjab National Bank | 9.719 | 01-07-2026 | 0.124 | 5% | 9.84 |

| Fixed Deposit | Punjab National Bank | 6.47 | 06-04-2027 | 0.909 | 6.2% | 6.91 |

| Fixed Deposit | Punjab National Bank | 1.55 | 30-05-2027 | 0.128 | 6.6% | 1.67 |

| Fixed Deposit | Punjab National Bank | 1.00 | 17-07-2026 | 0.023 | 5.55% | 1.02 |

| Current Account Balance | - | 1.05 | - | - | - | 1.05 |

Total unutilized amount: Rs. 32.84 Crores (sum of investments and current balance). Market values were reported as book values since maturity dates are after the certificate date.

General Corporate Purpose Utilization

No specific details were provided for utilization under General Corporate Purpose (GCP) as the table for item-wise GCP spending was blank.

Financial Impact

No specific financial impact on operations or capital structure was quantified in the disclosure beyond the certification of proper fund utilization.

#Tags: #PiccadilyAgro #SEBIRegulation32 #PreferentialAllotment #FundUtilization #ComplianceCertificate