Swadeshi Industries No Fund Deviation Q3 FY26

Amount Raised: ₹12.31 crore (₹123,100,000.00)
Date of Fund Raising: 5th March 2026
Reporting Period: Quarter ended 30th September 2026
Monitoring Agency: Not applicable

Funds were fully utilized according to original objects with no deviation or variation:

1. Purchase of Shares of Swadeshi Agrotech Pvt Ltd: ₹84,000,000.00 utilized

2. Purchase of Office at Mumbai: ₹3,600,000.00 utilized

3. Plant and Machinery: ₹3,025,000.00 utilized

4. Land at Udaipur: ₹14,598,000.00 utilized

5. Advance for Purchase of Shares of Swadeshi Agrotech Pvt Ltd: ₹8,530,000.00 utilized

6. General Working Capital Purpose: ₹9,347,000.00 utilized

Total Funds Utilized: ₹123,100,000.00 (matching amount raised)

The Audit Committee and Board of Directors reviewed the fund utilization statement in their respective meetings held on 13th November 2026
Both bodies have taken the statement on record
No deviation from original fund utilization objects was reported
No shareholder approval was required as there was no change in terms or objects