Key Findings
- No deviation or variation in the utilization of proceeds from the preferential issue for the quarter ended September 30, 2026
- Proceeds have been utilized in accordance with objects stated in the explanatory statement to resolutions passed at Extra-Ordinary General Meeting held on March 18, 2025
Fund Raising Details
Mode of Fund Raising: Preferential Issue
Date of Raising Funds:
- April 05, 2025: Allotment of Equity Shares of face value of ₹10/- each amounting to ₹1317.50 Lakhs
- April 05, 2025: Allotment of Fully Convertible Warrants amounting to ₹93.74 Lakhs (being 25% of total warrant value of ₹374.98 Lakhs)
- December 13, 2025: Conversion of Fully Convertible Warrants into Equity Shares amounting to ₹281.24 Lakhs (remaining 75% of total warrant value of ₹374.98 Lakhs)
Total Amount Raised:
- Equity Shares: ₹1317.50 Lakhs
- Fully Convertible Warrants converted to Equity Shares: ₹374.98 Lakhs
- Grand Total: ₹1692.48 Lakhs
Fund Utilization
Original Object: Proceeds proposed to be utilized towards meeting working capital requirements, investment and/or acquisition of entities, further investment in or granting of loans to other entities, and for general corporate purposes.
Quarter Ended September 30, 2026 Utilization:
- Funds utilized during quarter: ₹96.00 Lakhs
- Cumulative utilization as on September 30, 2026: ₹721.50 Lakhs
- No deviation or variation from original objects
Governance Approval
- Audit Committee reviewed and confirmed the utilization statement at its meeting held on November 02, 2026
- Comments of Audit Committee: "The utilization of the proceeds from the preferential issue has been noted and is in line with the objects of the issue"
- Comments of auditors: Not applicable