Key Quantitative Figures
- Total amount raised through preferential issue: ₹4,85,00,000 (₹4.85 crore)
- Date of fund raising: February 9, 2026
- Funds utilized for working capital requirements: ₹3,85,00,000 (₹3.85 crore)
- Funds utilized for general corporate purposes: ₹32,53,589 (₹32.53 lakh)
- Original allocation for working capital: ₹3,85,00,000
- Original allocation for general corporate purposes: ₹1,00,00,000
- Amount of deviation/variation for both objects: ₹0
Dates of Action
- Fund raising date: February 9, 2026
- Reporting period ended: September 30, 2026
- Audit Committee review date: November 14, 2026
- Document signing date: November 14, 2026
Parties Involved
- Regulatory recipient: BSE Limited
- Monitoring Agency: Not applicable
Financial Impact
No deviation or variation reported in the use of proceeds. Funds were utilized exactly as originally allocated for working capital requirements (₹3.85 crore fully utilized) and partially utilized for general corporate purposes (₹32.53 lakh utilized out of ₹1.00 crore allocated).
General Corporate Purposes Detail
The general corporate purposes specifically included business development such as hiring or retaining staff, upgrading technology, and giving deposit or payment to BSE/NSE as part of obligation as a broker.
Audit Committee Review
The Audit Committee of the Company reviewed and approved the no-deviation statement on Saturday, November 14, 2026.
Additional Information
- Company address: 806, Dev Plaza, 68, S. V. Road, Andheri (West), Mumbai - 400 058
- Company contact: Tel.: 2620 5500, 2671 6288, Fax: 2620 6072, E-mail: sanchayfin21@hotmail.com
- Member: National Stock Exchange of India Ltd.
- Additional office: 209, Rajani Bhavan, 569, M. G. Road, Indore (M.P.) - 452 001