Disclosure Nature
Regulatory filing under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, specifically Regulation 32 regarding Statement of Deviation(s) or Variation(s) in fund utilization.
Fund Raising Details
- Mode of Fund Raising: Rights Issue
- Amount Raised: ₹1,11,62,500 (₹1.11 crore)
- Date of Fund Raising: July 7, 2022
Fund Utilization Objectives
The proceeds from the rights issue were allocated for:
1. To meet the expenses of the Issue
2. To meet General corporate purposes
Deviation Statement
The company confirms that there has been no deviation or variation in the use of proceeds of funds raised through the rights issue. All funds have been utilized strictly according to the original objectives stated at the time of the issue.
Temporary Fund Deployment
Pending actual utilization of funds raised through the rights issue, unutilized funds have been temporarily invested in Money Market Mutual Funds.
Governance & Approval
- The statement was reviewed by the Audit Committee at its meeting held on August 12, 2026
- Signed by Mr. Rohitkumar Mishra, Wholetime Director
- No comments from auditors regarding the deviation statement
- No shareholder approval required as there were no deviations
- No monitoring agency involved as not applicable