Fund Raising Details

Preferential Issue Structure

The company raised funds through preferential allotment of equity shares and warrants:

Equity Shares Allotment (14th November, 2025):

  • Number of shares: 75,150
  • Amount received: ₹60,87,150

Warrants Allotment (14th November, 2025):

  • Series A Warrants: 75,150 warrants
  • Upfront receipt (25%): ₹15,21,787.50
  • Series B Warrants: 150,300 warrants
  • Upfront receipt (25%): ₹30,43,575

Warrant Conversion (20th March, 2026):

  • Series A Warrants converted to equity shares: 75,150 shares
  • Amount received upon conversion (75%): ₹45,65,362.50

Total Funds Raised

  • Total amount raised: ₹1,52,18,000 (₹152.18 lakh)
  • Exercise price per security: ₹81 (including premium of ₹71)
  • Allottee: Promoters of the company

Regulatory Compliance Status

  • Is there deviation/variation in use of funds: No
  • Shareholder approval requirement: Not Applicable
  • Explanation for deviation: Not Applicable
  • Monitoring agency: Not Applicable

Review and Approval

  • The statement was reviewed by the Audit Committee
  • The statement was taken on record by the Board of Directors
  • Auditor comments: None
  • Audit Committee comments: None

Additional Context

  • The warrants were valid for a specified period as per SEBI ICDR regulations
  • Holders could exercise their right to convert warrants into equity shares within this period
  • The company reference note mentions "Allotment of warrants = 9.10" but no further context is provided

Definitions Provided

Deviation or variation means:

  • (a) Deviation in the objects or purposes for which the fund has been raised
  • (b) Deviation in the amount of funds actually utilized as against what was originally disclosed
  • (c) Change in terms of contract referred to in the fund raising document