Key Finding
For the quarter ended September 30, 2026, the company confirms there was no deviation or variation in the use of proceeds from funds raised through preferential issue of equity shares from the objects approved by shareholders.
Fund Raising Details
- Mode of Fund Raising: Preferential Issues
- Total Amount Raised: ₹15.543 million (₹1554.3 lakhs)
- Amount Received on Application: ₹5.181 million (₹518.1 lakhs)
- Amount Received on First and Final Call: Not Applicable
- Fundraising Dates: July 16, 2026, September 10, 2026, and September 16, 2026
Utilization of Funds
- Objects as Disclosed: Capital expenses for working capital
- Total Amount Disclosed in Document: Not specified in numerical value in the objects table
- Actual Amount Utilized: ₹15.543 million (₹1554.3 lakhs) - fully utilized
- Actual Amount Unutilized: ₹0.00
- Remarks: Not Applicable
Additional Context
The company allotted equity shares to Ms. Mona Shah on July 16, 2026, September 10, 2026, and September 16, 2026 pursuant to exercise of rights attached to convertible warrants. The company noted that it received 25% amount of warrants as on the date of allotment of warrants.
Approval Process
The statement of deviation or variation was duly reviewed by the Audit Committee of the company and approved by the Board of Directors at its meeting held on November 14, 2026.