Key Quantitative Figures
- Total Issue Size: ₹12,00,00,000 (₹12 crore)
- Initial Amount Received (25%): ₹3,00,00,000 received on warrant issuance
- Final Amount Received (75%): ₹9,00,00,000 received on May 6, 2026
- Amount Utilized to Date: ₹3,00,00,000
- Amount Yet to be Utilized: ₹9,00,00,000
Dates and Timeline
- Date of Fund Raising: September 25, 2024
- Warrant Conversion Date: May 6, 2026 (during quarter ended June 30, 2026)
- Reporting Quarter Ended: June 30, 2026
- Board Review Date: August 13, 2026 (document date)
Fundraising Details
- Mode of Fund Raising: Preferential Issue of Convertible Warrants
- Number of Warrants: 8,00,000
- Price per Warrant: ₹37.50
- Warrant Tenure: 18 months from issuance
- Payment Structure: 25% upfront (₹3 crore), 75% upon conversion (₹9 crore)
Utilization Status
- Utilized Funds: ₹3 crore has been spent towards working capital requirements and general corporate purposes
- Unutilized Funds: ₹9 crore received during the quarter ended June 30, 2026 is yet to be utilized
- Deviation/Variation: No deviation or variation from the objects stated in the original notice dated September 25, 2024
Objects of Fund Raising
The funds were raised for:
- Funding capital expenditure for expansion
- Working capital requirements
- General corporate purposes
Financial Impact
No financial impact from deviation or variation as none exists. The company has fully received the intended funds but has not yet deployed the majority (75%) of the capital for its stated purposes.