Key Finding
The company confirmed there is no deviation or variation in the use of proceeds raised through the preferential issue during the quarter.
Fundraising Details
- Date of Raising Funds: 11th September 2025
- Amount Raised: ₹18,389.20 lakh
- Monitoring Agency: Infomerics Valuation and Rating Limited
- Quarter Covered: Ended 30th June 2026
Fund Utilization Breakdown
All funds were utilized exactly as per original objects without modification:
1. Investment in Wholly Owned Subsidiary for Capital Expenditure
- Original Allocation: ₹9,570.00 lakh
- Funds Utilized: ₹9,570.00 lakh
- Deviation/Variation: ₹0
- Purpose: Improvisation to existing plant and machinery, purchase and installation of new plant & machinery
2. Working Capital Requirements
- Original Allocation: ₹3,172.00 lakh
- Funds Utilized: ₹3,172.00 lakh
- Deviation/Variation: ₹0
- Purpose: For ongoing and future projects of the company and wholly owned subsidiary
3. Issue-Related Expenses
- Original Allocation: ₹1,050.00 lakh
- Funds Utilized: ₹1,050.00 lakh
- Deviation/Variation: ₹0
4. General Corporate Purposes
- Original Allocation: ₹4,597.20 lakh
- Funds Utilized: ₹4,597.20 lakh
- Deviation/Variation: ₹0
Governance and Compliance
- Audit Committee reviewed and confirmed the nil deviation status on Wednesday, 29th July 2026
- No auditor comments were required as there was no deviation
- The statement was digitally signed by Tati Balakrishna, Chairman & Managing Director (DIN: 02181095)
Financial Impact
No financial impact from deviation as the company reported complete adherence to the original fund utilization plan. All allocated funds have been fully utilized according to the approved objects.
#Tags: #VintageCoffee #SEBIRegulation32 #FundUtilization #ComplianceDisclosure #PreferentialIssue