Fundviser Capital filed a SEBI LODR Regulation 32 statement reporting a ₹86.95 lakh excess utilization of funds from its preferential warrant issue.
The company allotted 19.85 lakh equity shares from warrant conversions, raising ₹18.24 crore in Q4 FY26 against a total issue size of ₹79.44 crore.
Excess funds were temporarily deployed for investments, working capital, and corporate purposes to capture market opportunities, with a commitment to adjust later.
The Audit Committee reviewed and noted the deviation in its meeting on May 21, 2026, accepting management's plan to correct the utilization.