Disclosure Nature
Regulatory filing pursuant to Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations) for the quarter ended September 30, 2026.
Key Event
Statement of Deviation(s) or Variation(s) in utilisation of proceeds from Rights Issue of equity shares allotted on June 6, 2026.
Financial Details
- Total Amount Raised: ₹1,489.66 lakhs
- Date of Allotment: June 6, 2026
- Monitoring Agency: Infomerics Valuation and Rating Limited
Utilization Status
As of September 30, 2026, the company confirms no deviation or variation in the utilisation of net proceeds from the Rights Issue. All funds have been utilized exactly as per the objects disclosed in the Offer Document:
Detailed Fund Utilization:
1. Funding Long-Term Working Capital Requirements: ₹1,159.66 lakhs (100% utilized)
2. General Corporate Purposes: ₹300.00 lakhs (100% utilized)
3. Issue Expenses: ₹30.00 lakhs (100% utilized)
Additional Financial Information:
- Fixed deposit interest credited during FY26-27 till August 30, 2026: Not applicable/zero
- Unutilized Amount: Zero (fully utilized)
Auditor Verification
T R Chadha & Co LLP (Chartered Accountants, FRN: 006711N/N500028) conducted verification procedures including:
- Review of Letter of Offer to right issue dated May 9, 2026
- Verification of invoices and supporting documents for expenses incurred till September 30, 2026
- Examination of bank statements for actual payments to vendors
- Confirmation of unutilized position as on September 30, 2026
The auditor concluded that the utilization statement is based on information extracted from the Letter of Offer, bank statements, vendor invoices, and company records.
Governance Aspects
- Audit Committee Comments: None
- Auditor Comments: None