Fund Raising Details
- Mode of Fund Raising: Preferential Issue
- Date of Raising Funds: 25-02-2026
- Amount Raised: ₹17,32,00,000 (Seventeen Crore Thirty-Two Lakh Rupees)
- Quarter Ended: 31.03.2026
Utilization Status
- Total Amount Utilized: ₹2,11,00,000 (Two Crore Eleven Lakh Rupees)
- Utilization Percentage: Approximately 12.18% of total funds raised
- No deviation or variation in the use of proceeds from the objects stated in the Letter of Offer
Stated Objects of Fund Utilization
As per the explanatory statement/Letter of offer, the funds were allocated for:
- Meeting the working capital requirements of the Company
- Investment in new projects, business opportunities, and strategic ventures
- Incurring capital expenditure towards acquisition of office premises
- General corporate purposes
Additional Information
- The entire proceeds raised through the Preferential Issue during the quarter ended 31.03.2026 have been utilized for the objects as stated in the Letter of Offer/Explanatory statement
- This intimation has been uploaded on the Company's website at https://www.7seasent.com/
- Signed by L. Maruti Sanker, Managing Director (DIN: 01095047)