Key Quantitative Figures
- Total Amount Raised: ₹43,17,21,894.20 (₹43.17 crore) through Rights Issue
- Issue Date: 05th March 2025
- Issue Expenses: ₹47,65,988.70
- Net Proceeds Available for Utilization: ₹42,69,55,905.50
- Reporting Period: Quarter ended 30th September 2026
Fund Utilization Details
Original Objects and Utilization Status (in ₹ lakhs):
Object 1: To acquire land for construction of warehouses
- Original Allocation: ₹977.00 lakhs
- Funds Utilized: ₹977.00 lakhs (100% utilized)
- Unutilized Amount: Nil
- Deviation/Variation: Nil
Object 2: To finance construction of the warehouses
- Original Allocation: ₹2,414.31 lakhs
- Funds Utilized: Nil (0% utilized)
- Unutilized Amount: ₹2,414.31 lakhs
- Deviation/Variation: Nil
Object 3: To meet General Corporate Purpose
- Original Allocation: ₹925.91 lakhs
- Funds Utilized: ₹925.91 lakhs (100% utilized)
- Unutilized Amount: Nil
- Deviation/Variation: Nil
Total Summary
- Total Raised: ₹4,317.22 lakhs
- Total Utilized: ₹1,902.91 lakhs (44.1%)
- Total Unutilized: ₹2,414.31 lakhs (55.9%)
Regulatory Compliance Status
- Deviation/Variation: No deviation or variation in use of funds raised
- Shareholder Approval: Not applicable (no changes required)
- Monitoring Agency: Not applicable
Review and Certification
- Audit Committee Review: Conducted on Wednesday, 04th November 2026
- Audit Committee Comments: Nil
- Auditor Comments: Nil
- Auditor Certification: MAARK & Associates Chartered Accountants (FRN: 145153W) certified the utilization details
- Auditor Signatory: Manish Agarwal, Partner (Membership No. 612103)
Document References
- Offer Document: Letter of Offer dated 17th January 2025
- SEBI Regulation: Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- BSE Circulars: Various circulars issued by BSE Limited