Fund Raising Details

  • Mode of Fund Raising: Preferential Issue
  • Date of Raising Funds: 22nd December 2025 (Date of Allotment)
  • Amount Raised: ₹27,54,39,400/-
  • Reporting Period: Quarter ended 30-09-2026
  • Monitoring Agency: Not Applicable

Utilization Status

Is there a Deviation/Variation in use of funds raised? No

If yes, whether pursuant to change in terms approved by shareholders? Not Applicable

Date of shareholder approval: Not Applicable

Explanation for Deviation/Variation: Not Applicable

Audit Committee comments: No Comments

Auditors comments: Nil

Detailed Fund Utilization Breakdown

Object 1: Manufacturing Facilities Upgradation and Business Expansion

  • Original Object: To meet expenditure/cost towards upgradation of manufacturing facilities and/or expand business to meet growth prospects
  • Modified Object: No Change
  • Original Allocation: ₹16,43,70,000
  • Modified Allocation: ₹10,66,39,400 (Revised Allocation)
  • Funds Utilized: ₹10,66,39,400
  • Deviation/Variation: No
  • Remarks: Utilized fully for new project at Saykha, Gujarat

Object 2: Long-term Debt Reduction

  • Original Object: To reduce long term debts borrowed from Bank
  • Modified Object: No Change
  • Original Allocation: ₹10,00,00,000
  • Modified Allocation: ₹10,00,00,000
  • Funds Utilized: ₹9,95,60,800
  • Deviation/Variation: No
  • Remarks: ₹4,39,200 unutilized as on 30-09-2026, kept in Fixed Deposit

Object 3: General Corporate Purposes

  • Original Object: General corporate purposes including working capital, contingencies, and issue expenses
  • Modified Object: No Change
  • Original Allocation: ₹8,80,00,000
  • Modified Allocation: ₹6,88,00,000
  • Funds Utilized: ₹6,88,00,000
  • Deviation/Variation: No
  • Remarks: Fully utilized

Important Notes

  • Shareholders approved raising up to ₹35,23,70,000 at Extra Ordinary General Meeting held on October 31, 2025
  • Total issue size reduced to ₹27,54,39,400 due to non-participation by certain proposed allottees
  • Revised allocation was intimated to Stock Exchange on December 22, 2025
  • No change in objects of issue or any other terms and conditions as approved by shareholders