Fund Raising Details

  • Mode of Fund Raising: Public Issue / Rights Issues / Preferential Issues / QIP / Others
  • Date of Raising Funds: January 17, 2024
  • Amount Raised: ₹14.30 Crores
  • Monitoring Agency: Not Applicable

Deviation/Variation Status

  • Is there a Deviation/Variation in use of funds raised? No
  • Explanation for Deviation/Variation: Not Applicable
  • Comments of Audit Committee: Not Applicable
  • Comments of auditors: Not Applicable

Fund Utilization Details

| Original Object | Modified Object | Original Allocation (₹ Crores) | Modified Allocation (₹ Crores) | Funds Utilized (₹ Crores) | Amount of Deviation/Variation | Remarks |

| To Meet Incremental Working Capital Requirements | NA | 10.60 | NA | 10.60 | NA | - |

| General Corporate Purposes * | NA | 3.09 | NA | 3.09 | NA | - |

| Public Issue Expenses * | NA | 0.61 | NA | 0.61 | NA | - |

Note on Reallocation

The Audit Committee, at its meeting held on January 16, 2026, reviewed the utilization of the Issue proceeds. Based on its recommendation, the Board of Directors, at its meeting held on the same date, approved the reallocation of the unutilized Issue proceeds.

Out of the original allocation of ₹0.70 crores towards Public Issue Expenses, ₹0.61 crores has been utilized. As all Issue-related expenses now stand completed, the balance of ₹0.09 crores is no longer required for this purpose. Accordingly, the said amount of ₹0.09 crores has been reallocated towards General Corporate Purposes, increasing its original allocation from ₹3.00 crores to ₹3.09 crores.