Key Finding
The company reported no deviations or variations in respect of the utilization of the proceeds of the Rights Issue during the 2nd Quarter ended September 30, 2026, as disclosed in the object clause of the Prospectus dated April 10, 2024.
Fund Raising Details
- Mode of Raising Fund: Rights Issue
- Date of Raising Funds: May 21, 2024 to June 13, 2024
- Amount Raised: ₹33.74285 Crore (₹3374.29 Lakh)
- Monitoring Agency: Not appointed
- Quarter Reported: September 30, 2026
Fund Utilization Details
Below is the complete breakdown of fund utilization as per the filed statement:
| Purpose | Original Allocation (₹ Lakh) | Modified Allocation (₹ Lakh) | Amount Utilized (₹ Lakh) | Variation | Remarks |
| Purchase of Corporate Offices in Mumbai, Kolkata and Goa | 350.00 | 200.00 | 200.00 | Nil | Not Any |
| Equity Investment in Salcete Brewing Limited | 600.00 | - | 600.00 | Nil | Not Any |
| Purchase of Tradable and Strategic securities and Stock | 1,700.00 | - | 1,700.00 | Nil | Not Any |
| General Corporate Purposes | 574.29 | - | 574.29 | Nil | Not Any |
| Business Expansion, Working Capital, Business Promotions, etc. | - | 200.68 | 200.68 | Nil | Not Any |
| Right Issue Expenses | 150.00 | 99.32 | 99.32 | Nil | Not Any |
| Total | 3,374.29 | - | 3,374.29 | - | - |
Financial Impact
All raised funds of ₹33.74285 crore have been fully utilized according to the modified allocation plan with zero variation from the intended objects.