Key Quantitative Figures
- Amount Raised: ₹159.94179 crore (Rs 15994.179 lakhs)
- Date of Fund Raising: May 25, 2026
- Mode of Fund Raising: Rights Issue
- Monitoring Agency: CARE Ratings Limited
Fund Utilization Details
There is no deviation or variation in the use of funds raised. The utilization against original objects is as follows:
| Object | Original Allocation (₹ Lakhs) | Funds Utilized (₹ Lakhs) |
| Working capital requirements of the Company | 6000.00 | 1959.00 |
| Funding in subsidiary EFC Limited (Equity/Debt for working capital) | 3000.00 | 1521.00 |
| Funding in subsidiary Ek Design Industries Limited (Equity/Debt for working capital) | 3000.00 | 502.00 |
| General Corporate Purposes | 3912.00 | 159.00 |
| Issue Related Expenses | 82.00 | 0.00 |
Regulatory and Governance Aspects
- Shareholder Approval: Not applicable (Nil)
- Explanation for Deviation/Variation: Not applicable (Nil)
- Audit Committee Comments: After review, confirmed no deviation (Nil)
- Auditor Comments: Not applicable (Nil)
Dates and Signatories
- Report Date: November 3, 2026
- Report Period: Quarter ended September 30, 2026
- Place: Pune
Financial Impact
No financial impact from deviation or variation as none occurred. The company continues to utilize funds according to the original objects disclosed during the rights issue.