Fund Raising Details
- Mode of Fund Raising: Rights Issue
- Date of Allotment: 24th April, 2023
- Shares Allotted: 1,46,67,000 partly paid-up equity shares
- Face Value: Rs. 10/- per share (Rs. 2.50/- paid up at issuance)
- Issue Price: Rs. 19.00/- per share (including premium of Rs. 9/- per share)
- Total Amount Raised: Rs. 27,86,73,000/-
- Reference Document: Letter of Offer dated February 14, 2023
Fund Utilization Status
- Reporting Quarter: Ended 31st March, 2026
- Deviation/Variation: No deviation in use of funds
- Utilization: Amount has been used as per the original objects of the issue
- Monitoring Agency: Not Applicable
- Shareholder Approval: Not Applicable
- Audit Committee Comments: Not Applicable
- Auditor Comments: Not Applicable
Detailed Call Money Collection Process
The note provides a detailed breakdown of the call money collection process:
1. Initial Application Money: Received Rs. 6,96,68,250/- on application for 1,46,67,000 shares
2. First and Final Call: Made on 1,46,67,000 shares via notice dated 20th June, 2023
- Received balance call money of Rs. 14.25/- each on 16,00,904 shares during Q2 2023
- Amount received: Rs. 2,28,12,882/-
- Outstanding shares after this payment: 1,30,66,096
3. First Reminder-Cum-Forfeiture Notice: Dated 31st August, 2023 for outstanding 1,30,66,096 shares
- Received Rs. 14.25/- each on 6,31,305 shares
- Amount received: Rs. 89,96,096.25/-
- Outstanding shares after this payment: 1,24,34,791
4. Second Reminder-Cum-Forfeiture Notice: Dated 09th February, 2024 for outstanding 1,24,34,791 shares
- Received Rs. 14.25/- each on 13,53,058 shares
- Amount received: Rs. 1,92,81,076.50/-
- Outstanding shares after this payment: 1,10,81,733
5. Third and Final Reminder-Cum-Forfeiture Notice: Dated 26th March, 2024 for outstanding 1,10,81,733 shares
- Received Rs. 14.25/- each on 15,48,958 shares
- Amount received: Rs. 2,20,72,651.50/-
Financial Impact
No financial impact from deviation or variation as the company confirms full compliance with original fund utilization objects.