Fund Raising Details
The company raised funds through three preferential issues:
- First Issue: Date - January 14, 2026, Amount Raised - ₹11.97 crore
- Second Issue: Date - February 11, 2026, Amount Raised - ₹12.11 crore
- Third Issue: Date - February 27, 2026, Amount Raised - ₹5.93 crore
- Total Funds Raised: ₹30.01 crore
Utilization Compliance
For all three fund raising events, the company confirmed:
- No deviation or variation in use of funds raised
- No change in terms of contract or objects requiring shareholder approval
- All funds utilized according to originally specified objects
Objects of Fund Raising and Utilization
The funds were utilized for the following purposes during January to March 2026 quarter:
1. Loan Repayment: ₹9.65 crore raised, ₹5.21 crore utilized
2. Fresh Loan Disbursement: ₹17.37 crore raised, ₹12.56 crore utilized
3. Investment in Shares and Securities: ₹19.30 crore raised, ₹12.31 crore utilized
4. General Corporate Purpose: ₹1.93 crore raised, ₹0.02 crore utilized
Audit Committee Review
The Audit Committee reviewed the fund utilization and provided favorable remarks, stating that the company is in compliance with regulatory requirements for raising funds. The committee confirmed no deviation from specified utilization objects.
Auditor Comments
No comments were provided by auditors regarding the fund utilization.