Fund Raising Details
Mode of Fund Raising: Preferential Issue of Convertible Warrants
Date of Raising Funds: 02-07-2026 and 14-07-2026 (two tranches)
Amount Raised: ₹6,09,00,000 (Six Crore Nine Lakh Rupees)
Reporting Quarter Ended: 30-09-2026
Warrant Issuance Specifics
The Company allotted 87,00,000 Convertible Warrants on a preferential basis:
- 35,00,000 Convertible Warrants allotted on 02nd July, 2026
- 52,00,000 Convertible Warrants allotted on 14th July, 2026
Issue Price: ₹28 per warrant
Amount Received at Allotment: 25% of issue price (₹7 per warrant)
Balance Payment: 75% of issue price (₹21 per warrant) payable by warrant holders at the time of exercise
Fund Utilization and Objects
The funds received have been utilized towards the objects specified in the explanatory statement to the notice of the Extra-Ordinary General Meeting:
| Object | Original Allocation | Funds Utilized | Deviation/Variation |
| Working Capital | ₹18,01,96,500 | ₹5,92,60,848 | ₹0.00 |
| General Corporate Purposes | ₹6,08,51,280 | ₹15,04,152 | ₹0.00 |
| Issue-related Expenses | ₹25,52,220 | ₹1,35,000 | ₹0.00 |
Deviation/Variation Status
Is there a Deviation/Variation in use of funds raised? No
If yes, whether pursuant to change in terms approved by shareholders? No
Explanation for Deviation/Variation: No
Committee Review and Comments
Audit Committee Comments: The Audit Committee reviewed the statement and noted that there was no deviation/variation in the utilisation of funds raised during the quarter.
Auditors Comments: No comments
Additional Information
Monitoring Agency: Not applicable
Utilization Period: The utilisation of funds is being carried out in accordance with the objects and the stipulated utilisation period of two years from the receipt of funds.
Status as of 30th September, 2026: There was no deviation/variation in the utilisation of funds from the objects approved by the shareholders.