Brand Concepts Limited submitted a regulatory compliance statement to the National Stock Exchange of India Limited and BSE Limited pursuant to Regulation 32(1) of the SEBI Listing Regulations.
The disclosure confirms that there has been no deviation or variation in the utilization of proceeds raised through the issuance of warrants to the promoter group of the company on a preferential basis for the quarter and three months ended 30th June 2026.
Key Details of Fund Raising
- Mode of Fund Raising: Preferential Issue - Convertible Warrants
- Date of Raising Funds: 23rd September 2025
- Amount Raised: ₹9,74,89,500 (Rupees Nine Crore Seventy-Four Lakh Eighty-Nine Thousand Five Hundred Only), comprising ₹7,49,89,500 + ₹2,25,00,000
Fund Utilization Status
- Is there a Deviation/Variation in use of funds raised?: No
- Funds Utilized: ₹9,74,48,990.12 (as per the statement)
- Original Objects for Fund Utilization: Working Capital, Expansion of Manufacturing Facility, Investment in Brand Building & Acquiring New Brands
- Modified Objects, if any: Not Applicable
Review and Approvals
- Monitoring Agency: Not Applicable
- Comments of the Audit Committee: "No comment"
- Comments of the auditors: "No comments from auditors"
- Shareholder Approval for Variation: Not Applicable (as no deviation occurred)
Additional Information
- The report was signed by Spvati Gupta, Company Secretary & Compliance Officer (Membership No: A33016).
- The company's registered office is at 4th Floor, UNO Business Park, Indore Bypass Road, Opposite Sahara City, Bicholi Mardana, Indore, Madhya Pradesh, India - 452010.