Ambo Agritec Reports No Fund Utilization Deviation

Fund Raising Details

• Mode of Fund Raising: Preferential Issue
• Date of Raising Funds: June 20, 2024
• Amount Raised: ₹15,39,00,000.00 (Fifteen Crore Thirty-Nine Lakh)
• Report Period: Quarter ended March 31, 2026

Utilization Status

• Deviation/Variation in Use of Funds: No
• Object of Fund Raising: Working Capital
• Allocated Amount: ₹15,39,00,000.00
• Amount Utilized: ₹15,39,00,000.00
• Deviation Amount: ₹0.00

Audit Committee Review

The Audit Committee reviewed the utilization and confirmed that the company is in compliance with the requirements specified in the regulations for raising funds. The committee provided favorable remarks after review.

Financial Impact

No financial impact from deviation or variation as the company has utilized funds exactly as per the original objects disclosed during the fund raising. The entire ₹15.39 crore preferential issue amount was utilized for working capital purposes as intended.