Valencia Nutrition Limited, an SME-listed entity, has submitted a regulatory disclosure to BSE Limited in compliance with Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The disclosure confirms that funds raised through three separate capital issues have been fully utilized for the objects stated in their respective offer documents, with no deviation or variation in utilization.

Annexure I: Preferential Issue of Equity Shares and Convertible Warrants

  • Mode of Fundraising: Preferential Equity Shares Issue of & Convertible Warrants
  • Date of Raising Funds: January 28, 2025
  • Amount Raised: Equity Shares - ₹12,07,00,000; Convertible Warrants - ₹20,00,00,000 (with minimum ₹5,00,00,000 received, equivalent to 25% of Warrant Issue Price)
  • Report Period: Quarter ended March 31, 2026
  • Utilization Breakdown:
  • Setting up manufacturing unit: ₹9,82,52,045
  • Development and launch of new products and marketing of existing and new products: ₹4,65,40,442
  • Valencia Online Platform: ₹51,71,160
  • General Corporate Purpose: ₹2,07,36,353
  • Total Utilized: ₹17,07,00,000
  • Deviation/Variation: NIL

Annexure II: Preferential Issue of Equity Shares

  • Mode of Fundraising: Preferential Issue of Equity Shares
  • Date of Raising Funds: November 25, 2025
  • Amount Raised: ₹1,35,00,000
  • Report Period: Quarter ended March 31, 2026
  • Utilization Breakdown:
  • Purchase of Machinery: ₹52,00,000
  • Working capital requirement: ₹50,00,000
  • General Corporate Purpose: ₹33,00,000
  • Total Utilized: ₹1,35,00,000
  • Deviation/Variation: NIL

Annexure III: Issue of Equity Shares pursuant to Warrant Conversion

  • Mode of Fundraising: Issue of Equity Shares pursuant to conversion of warrants initially allotted on preferential basis
  • Date of Raising Funds: February 10, 2026
  • Amount Raised: ₹3,27,00,000 (from conversion of 10,90,000 equity shares at ₹40 per share, including ₹30 premium)
  • Report Period: Quarter ended March 31, 2026
  • Utilization Breakdown:
  • Setting up manufacturing unit: ₹1,88,21,569
  • Development and launch of new products and marketing of existing and new products: ₹89,15,480
  • Valencia Online Platform: ₹9,90,609
  • General Corporate Purpose: ₹39,72,342
  • Total Utilized: ₹3,27,00,000
  • Deviation/Variation: NIL

Auditor Certification

HAY and Associates LLP, Chartered Accountants, has provided separate certificates for each fundraising event, confirming:

  • Full utilization of all proceeds by March 31, 2026
  • No unutilized amounts remaining
  • Utilization in line with objects stated in issue documents
  • NIL deviation and NIL variation in utilization
  • Certificates are issued for submission to BSE only