Fund Raising Details

  • Mode of Fund Raising: Rights Issue
  • Date of Raising Funds: 25th January, 2024
  • Amount Raised: ₹4684.50 lakhs
  • Monitoring Agency: Not Applicable

Utilization of Proceeds Breakdown

| Purpose | Deviation | Amount Allocated (₹ lakh) | Amount Received (₹ lakh) | FY 2024-25 Utilization (₹ lakh) | Q4 FY26 Utilization (₹ lakh) | Status |

| Acquisition of Equity Shares in Stitched Textiles Limited | No | 2534.50 | 1984.50 | 550.00 | 1984.50 | No deviation |

| Incremental Working Capital | No | 1350.00 | 0.00 | 1350.00 | 0.00 | No deviation |

| General Corporate Purpose | No | 800.00 | 270.00 | 530.00 | 270.00 | No deviation |

| Total | | 4684.50 | 2254.50 | 2430.00 | 2254.50 | |

Key Disclosures

  • Company confirms no deviation or variation in fund utilization compared to objects stated in Final Letter of Offer dated 25th January 2024
  • All funds have been fully utilized for intended purposes except amount related to partly paid-up shares not yet converted into fully paid-up shares
  • Company raised no funds during quarter ended 31st March, 2026
  • No issue proceeds pending utilization except for partly paid shares
  • Audit Committee comments: None
  • Auditor comments: None

Technical Filing Note

The company indicates that due to limitation in the "Number of time funds raised during the quarter" column in Integrated Financial-General Info, they are selecting "NO" for applicability of "Statement of Deviation" despite filing the statement as part of compliance and good corporate governance practices.