Fund Raising Details
- Mode of Fund Raising: Preferential Issue
- Date of Raising Funds/Allotment:
- (i) 21st July, 2025 (Conversion of Warrants)
- (ii) Additional exercise during the period (865052 warrants conversion)
- Total Amount Raised: ₹281.59 Crores
- First tranche: ₹262.84 Crores (comprising ₹209.22 Crores from Equity and ₹53.62 Crores from 25% upfront consideration from warrants)
- Second tranche: ₹18.75 Crores (upon exercise for conversion of 865052 warrants into Equity Shares upon receiving balance 75% consideration)
Monitoring Arrangements
- Monitoring Agency: Applicable
- Monitoring Agency Name: M/s Care Ratings Limited
Deviation/Variation Status
- Is there Deviation/Variation in use of funds raised: No
- Change in terms of contract or objects: Not Applicable
- Date of shareholder approval: Not Applicable
- Explanation for Deviation/Variation: Not Applicable
Review and Comments
- Audit Committee Comments: No Comments
- Auditors Comments: No Comments
Additional Information
The statement was reviewed by the Audit Committee and signed by B.L. Batoria, Sr. Vice President & Company Secretary on May 28, 2026 at Kolkata.