Key Quantitative Figures
- Amount raised through preferential issue: ₹1,10,00,000 (₹1.1 crore)
- Number of instruments: 11,00,000 convertible warrants
- Price per warrant: ₹10 each
- Funds utilized: ₹1,10,00,000 (full amount)
Fund Utilization Details
The entire ₹1.1 crore was utilized for the originally stated purposes:
- Working capital and general corporate purposes
- Investment in human resources, technology, and infrastructure
- Purchase of machineries, computers, customized software developments, air conditioners, safety equipment, and video machineries
- Investment in new projects
- Conversion of loan into equity to improve debt-equity ratio
- Settlement of loans, bank advances, guarantees, and performance guarantees
Audit Committee Review
The audit committee reviewed the fund utilization and confirmed:
- No deviation or variation in fund usage
- No comments or objections raised
- Complete alignment with originally disclosed objects
Financial Impact
The entire ₹1.1 crore raised has been fully utilized as per the original objects. No financial impact deviation reported.