Key Quantitative Figures
- Total Amount Proposed to be Raised: ₹107.04 crore
- Total Amount Actually Raised: ₹74.36 crore
- Equity Shares Proceeds: ₹64.36 crore (against proposed ₹67.02 crore)
- Warrant Proceeds Received: ₹10.00 crore (representing 25% of total warrant issue proceeds of ₹40.01 crore)
- Monitoring Agency: Brickwork Ratings India Private Limited
Fund Allocation and Utilization Details
Debt Repayment:
- Original Allocation: ₹73.00 crore
- Amount Utilized: ₹73.00 crore
- Deviation/Variation: ₹0.00
- Remarks: NIL
Investment in Wholly Owned Subsidiary:
- Original Allocation: ₹30.01 crore
- Amount Utilized: ₹0.00 crore
- Deviation/Variation: ₹0.00
- Remarks: "It Will be Allocated and utilized after receiving 75% balance the Share warrant Amount"
General Corporate Purposes:
- Original Allocation: ₹4.03 crore
- Amount Utilized: ₹1.36 crore
- Deviation/Variation: -₹2.67 crore
- Remarks: Total issue proceeds were revised from ₹107.04 crore to ₹104.37 crore due to lower subscription to the preferential issue comprising equity shares and convertible warrants. Hence the allocation towards General Corporate Purposes is reduced from ₹4.03 crore to ₹1.36 crore.
Governance and Approval
- The statement has been reviewed by the Audit Committee and Board at their meeting held on November 12, 2026.
- Audit Committee Comments: "Approved"
- Auditor Comments: "No comments"
Company Confirmation
The company confirms that there has been no deviation or variation in the utilization of funds from the objects stated in the explanatory statement to the notice for the Preferential Issue.
Additional Context
The document defines deviation or variation as: a) Deviation in the objects or purposes for which the funds have been raised; b) Deviation in the amount of funds actually utilized as against what was originally disclosed; c) Change in terms of a contract referred to in the fund raising document.