Key Financial Figures
- Total Amount Raised: Rs 74.36 crore (against proposed Rs 107.04 crore)
- Rs 64.36 crore from preferential issue of equity shares (against proposed Rs 67.02 crore)
- Rs 10.00 crore from convertible warrants (25% of total warrant issue proceeds of Rs 40.01 crore)
- Revised Total Proceeds: Rs 104.37 crore (reduced from Rs 107.04 crore)
Fund Utilization Details
| Object | Original Allocation (Rs Cr) | Revised Allocation (Rs Cr) | Amount Utilized (Rs Cr) | Deviation/Variation |
| Debt Repayment/pre-payment | 73.00 | 73.00 | 73.00 | NIL |
| General Corporate Purposes | 4.03 | 1.36 | 1.36 | -2.67 |
| TOTAL | 107.04 | 104.37 | 74.36 | -2.67 |
Regulatory and Governance Details
- Date of Raising Funds: February 4, 2026
- Report Period: Quarter ended June 30, 2026
- Monitoring Agency: Brickwork Ratings India Private Limited
- Deviation Status: No deviation/variation in use of funds raised
- Shareholder Approval: Not applicable (no deviation)
- Audit Committee Review: Approved on August 12, 2026
- Board Review: Approved on August 12, 2026
- Auditor Comments: No comments
Explanation of Variation
The reduction in total proceeds from Rs 107.04 crore to Rs 104.37 crore occurred due to under-subscription to the preferential issue comprising equity shares and convertible warrants. Consequently, the allocation towards General Corporate Purposes was reduced from Rs 4.03 crore to Rs 1.36 crore.