Raaj Medisafe India Limited has submitted a regulatory compliance statement to BSE Limited regarding the utilization of funds raised through a preferential issue. The statement is filed pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Details of Fund Raising
- Mode of Fund Raising: Preferential Issue
- Date of Raising Funds: March 26, 2026
- Amount Raised: ₹18,01,25,000 (Eighteen Crore One Lakh Twenty-Five Thousand Rupees)
- Reporting Quarter: September 30, 2026
- Monitoring Agency: Not Applicable
Deviation Status
The company confirms there is no deviation or variation in the utilization of the raised funds. The statement explicitly answers "No" to the question "Is there a Deviation/Variation in use of funds raised?".
Original Objects of Fund Raising
The funds were originally allocated for:
- Acquisition of plant, machinery, and business operations of Fabrizo Industries Private Limited, specifically relating to its Goa-based manufacturing unit engaged in the production of liquor caps and related closure products
- Company's expansion plans, including manufacturing capacity enhancement in hygiene and related business
- Meeting working capital requirements
- General corporate purposes
Review and Approval
The Audit Committee of the company reviewed this statement at its meeting held on November 13, 2026. The committee provided no comments on the matter. Similarly, the auditors have provided no comments on the fund utilization.