Key Quantitative Figures

First Preferential Issue:

  • Date of Raising Funds: March 1, 2024
  • Amount Raised: ₹324.00 million
  • Funds Utilized as on June 30, 2026: Not specified (implied full utilization according to context)
  • Deviation/Variation: No

Second Preferential Issue:

  • Date of Raising Funds: January 12, 2024
  • Amount Raised: ₹303.50 million
  • Funds Utilized as on June 30, 2026: ₹279.26 million
  • Deviation/Variation: Yes (due to modified objects)

Dates of Action and Approval

  • Shareholder approval for object modification: September 25, 2025 (Annual General Meeting)
  • Reporting period: Quarter ended June 30, 2026
  • Filing date: August 11, 2026

Fund Utilization Details

First Preferential Issue (March 1, 2024):

  • Original Objects: For (i) capital expenditure and working capital requirements of the Company, its subsidiaries, joint ventures or associates; (ii) funding the Business expansion directly by the Company or through its subsidiaries or joint ventures or associates for the growth of existing businesses or to enter into new business in line with the strategy of the Company; and (iii) general corporate purposes of the Company.
  • Modified Objects: None
  • Original Allocation: ₹324.00 million
  • Modified Allocation: None
  • Deviation/Variation: No
  • Audit Committee Comments: NIL
  • Auditor Comments: NIL

Second Preferential Issue (January 12, 2024):

  • Original Objects: For LPG Business expansion directly by the Company or through its subsidiaries or joint ventures or associates and other general corporate business requirements.
  • Modified Objects: i) establishment of Infrastructure for handling Liquids and gases including LPG and ammonia tanks; (ii) business expansion, directly or through subsidiaries, joint ventures, or associates, for growth of existing businesses and entry into new opportunities in line with the Company's strategy; (iii) capital expenditure and working capital requirements of the Company, its subsidiaries, joint ventures, or associates; and (iv) general corporate purposes.
  • Original Allocation: ₹303.50 million
  • Modified Allocation: ₹303.50 million (same amount, different objects)
  • Funds Utilized: ₹279.26 million as of June 30, 2026
  • Quarterly Deviation/Variation: Nil
  • Explanation: Change in Objects of the Issue
  • Shareholder Approval: Obtained on September 25, 2025
  • Audit Committee Comments: NIL
  • Auditor Comments: NIL

Monitoring Agency

  • Monitoring Agency: Not Applicable for both issues
  • Monitoring Agency Name: Not Applicable for both issues

Financial Impact

No specific financial impact quantified beyond the fund utilization amounts disclosed. The company confirms no deviation in the actual utilization of funds for both issues during the quarter ended June 30, 2026.

Capital Structure Impact

Not explicitly disclosed in this filing.

Governance Aspects

  • Signed by Rishi Pilani, Chairman & Managing Director (DIN 00901627)
  • Audit Committee reviewed and had no comments
  • Auditors had no comments
  • Shareholder approval obtained for object modification