Approval and Review Process
The statement was reviewed and approved by both the Audit Committee and the Board of Directors at their respective meetings held on October 30, 2026.
Fund Raising Details and Utilization
The disclosure covers three separate preferential issues of funds:
Preferential Issue 1
- Date of Fund Raising: July 8, 2026
- Amount Raised: ₹0.79 crore
- Purpose/Object: To meet future capital requirements for extending loan facilities to customers
- Funds Utilized: ₹0.79 crore (100% of amount raised)
- Deviation/Variation: No
Preferential Issue 2
- Date of Fund Raising: July 16, 2026
- Amount Raised: ₹0.63 crore
- Purpose/Object: To meet future capital requirements for extending loan facilities to customers
- Funds Utilized: ₹0.63 crore (100% of amount raised)
- Deviation/Variation: No
Preferential Issue 3
- Date of Fund Raising: July 21, 2026
- Amount Raised: ₹0.63 crore
- Purpose/Object: To meet future capital requirements for extending loan facilities to customers
- Funds Utilized: ₹0.63 crore (100% of amount raised)
- Deviation/Variation: No
Total Funds Raised and Utilized
- Total Amount Raised: ₹2.05 crore (sum of three issues)
- Total Funds Utilized: ₹2.05 crore (100% utilization)
- Overall Deviation/Variation: No deviation or variation reported
Regulatory Compliance Status
For all three fund raising events:
- No monitoring agency was appointed (deemed not applicable)
- No deviation or variation in use of funds raised
- No change in terms of contract or objects requiring shareholder approval
- Audit Committee comments: "NO COMMENTS"
- Auditor comments: "NO" (no comments)
Signatories and Certification
The document was signed by:
- Pravita Khandelwal, Company Secretary and Compliance Officer (dated October 30, 2026)
- Rajesh Khuteta, Managing Director (DIN: 00167672), with digital signature dated October 30, 2026