Mizzen Ventures Limited has submitted a regulatory compliance filing to BSE Limited pursuant to Regulation 32 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
The disclosure confirms that during the six-month period ended March 31, 2026, there has been no deviation or variation in the use of proceeds from the company's preferential issue.
Key Details:
- Mode of Fund Raising: Preferential Issues
- Date of Raising Funds: March 30, 2026
- Amount Raised: ₹315.90 lakhs
- Reporting Period: Quarter ended March 31, 2026
- Monitoring Agency: Not applicable
Fund Utilization:
The entire amount of ₹315.90 lakhs raised remains allocated for its intended purpose: "To invest and grant loans in companies, body corporates for future expansion plans & activities, financing future growth opportunities & working capital requirements of the Company, its subsidiaries and its associates."
Governance Review:
The company's Audit Committee reviewed this statement in its meeting held on May 26, 2026, and confirmed no deviation or variation in fund utilization.
Financial Impact:
No financial impact disclosed as the filing confirms adherence to originally stated fund utilization plans without any changes or deviations.