Fund Raising Details
- Mode of Fund Raising: Preferential Issue
- Date of Raising Funds: July 7, 2026
- Amount Raised: ₹159,954,375 (approximately ₹159.95 crore)
- Monitoring Agency: Not Applicable
Fund Utilization Confirmation
- Is there Deviation/Variation in use of funds raised: Not Applicable
- Explanation for Deviation/Variation: Not Applicable
- Shareholders' approval date referenced: January 20, 2025
Original Fund Allocation Objects
According to the Shareholders Meeting notice dated December 24, 2024, the funds were allocated for:
- Repayment of Security Deposit: ₹24.35 lakh (2,435.00 in thousands)
- Capex Requirement: ₹5.00 lakh (500.00 in thousands)
- Working capital requirement: ₹50.00 lakh (5,000.00 in thousands)
- General Corporate Purpose: ₹2.48 lakh (248.00 in thousands)
- Total intended allocation: ₹81.83 lakh (8,183.00 in thousands)
Actual Utilization
- Amount utilized as of September 30, 2026: ₹15.9954 crore (1,599.54 in thousands)
- Funds were utilized exactly for the purposes they were raised as prescribed in the Shareholders Meeting notice
Audit Committee Review
The Audit Committee reviewed the Funds Utilization Report by the Board and concluded that:
- Funds were infused for the exact purposes for which they were raised
- Utilization complied with the prescriptions in the Notice of Shareholders Meeting dated December 24, 2024
- No auditors' comments were provided
Compliance Officer Details
- Role: Company Secretary and Compliance Officer
- Digital signature timestamp: October 16, 2026 at 12:13:50 +05:30