RAMINFO LIMITED submitted a regulatory compliance statement to BSE Limited regarding the utilization of funds raised through preferential issue. The disclosure is made pursuant to Regulation 32 of SEBI Listing Regulations and SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019.
The company confirmed that there are no deviations or variations in the utilization of proceeds from the preferential issue compared to the objects for which they were raised. The funds were utilized in accordance with the terms of the offer document and explanatory statement to the Extra Ordinary General Meeting Notice dated January 17, 2024.
Key Financial Details
- Date of Allotment: March 29, 2024
- Total Funds Raised: ₹30,51,18,722
- Breakdown of Funds:
- Equity Shares: ₹11,64,49,913
- Warrants: ₹12,04,43,871
- Exercise of Convertible Warrants (6,47,449 warrants): ₹6,82,24,938
Fund Utilization as of September 30, 2026
| Object of Fund Utilization | Original Allocation (₹) | Funds Utilized (₹) | Deviation/Variation |
| Meet funding requirements for various ongoing Projects of the Company/JVs | 24,40,94,979 | 24,40,94,979 | Nil |
| General corporate purposes | 6,10,23,743 | 6,10,23,743 | Nil |
Objects of the Preferential Issue
1. Meet funding requirements for various ongoing Projects of the Company/JVs (in which the Company is a partner)
2. Meet working capital requirements to strengthen financial position
3. General corporate purposes