Review and Approval

The statement was reviewed and approved by both the Audit Committee and Board of Directors in their meeting held on 19th October, 2026. Both committees provided "No Comments" on the disclosure.

Fund Raising Details

Transaction 1 (Preferential Issue)

  • Mode of Fund Raising: Preferential Issues
  • Date of Raising Funds: 13th March 2025
  • Amount Raised: ₹1,075.00 lakh
  • Original Object: Requirement of Long Term Funds to strengthen Capital base and utilization for the Operations of the Company
  • Original Allocation: ₹1,075.00 lakh
  • Funds Utilized: ₹1,075.00 lakh
  • Deviation/Variation: No

Transaction 2 (Warrant Conversion)

  • Mode of Fund Raising: Others (Conversion of Warrants to Equity Shares)
  • Date of Raising Funds: 20th March 2025
  • Amount Raised: ₹862.50 lakh
  • Original Object: Requirement of Long Term Funds to strengthen Capital base and utilization for the Operations of the Company
  • Original Allocation: ₹862.50 lakh
  • Funds Utilized: ₹862.50 lakh
  • Deviation/Variation: No

Transaction 3 (Warrant Conversion)

  • Mode of Fund Raising: Others (Conversion of Warrants to Equity Shares)
  • Date of Raising Funds: 26th February 2026 & 27th February 2026
  • Amount Raised: ₹1,050.00 lakh
  • Original Object: Requirement of Long Term Funds to strengthen Capital base and utilization for the Operations of the Company
  • Original Allocation: ₹1,050.00 lakh
  • Funds Utilized: ₹1,050.00 lakh
  • Deviation/Variation: No

Transaction 4 (Warrant Conversion)

  • Mode of Fund Raising: Others (Conversion of Warrants to Equity Shares)
  • Date of Raising Funds: 24th August 2026 (interpreted from unclear date format)
  • Amount Raised: ₹1,312.50 lakh
  • Original Object: Requirement of Long Term Funds to strengthen Capital base and utilization for the Operations of the Company
  • Original Allocation: ₹1,312.50 lakh
  • Funds Utilized: ₹733.69 lakh
  • Deviation/Variation: No

Key Findings

  • Total Funds Raised Across All Transactions: ₹4,300.00 lakh
  • Total Funds Utilized: ₹3,721.19 lakh (sum of utilized amounts across all transactions)
  • No deviations or variations reported in the use of funds for any of the four transactions
  • No shareholder approvals required as there were no changes to terms or objects
  • No monitoring agency was appointed for any of the transactions