Rights Issue Details

The company raised funds through a Rights Issue with the following specifications:

  • Issue Period: March 20, 2026, to March 27, 2026
  • Type of Issue: Right Issue
  • Type of Securities: Partly Paid-Up Equity Shares
  • Total Issue Size: ₹14.80 crore
  • Number of Securities Offered: 74,012,189 shares
  • Total Securities Subscribed: 74,012,189 shares

Funds Received and Utilization Status

As of June 30, 2026, the company had received application money amounting to ₹3.70 crore (25% of total issue size), consistent with the partly paid-up nature of the shares.

Utilization Against Objects:

1. Issue Related Expense

  • Budgeted: ₹0.50 crore
  • Utilized during quarter: ₹0.00 crore
  • Cumulative utilized: ₹0.00 crore
  • Balance: ₹0.50 crore

2. Augmenting Working Capital Requirements

  • Budgeted: ₹10.65 crore
  • Utilized during quarter: ₹3.60 crore
  • Cumulative utilized: ₹3.60 crore
  • Balance: ₹7.05 crore

3. General Corporate Purposes

  • Budgeted: ₹3.65 crore
  • Utilized during quarter: ₹0.10 crore
  • Cumulative utilized: ₹0.10 crore
  • Balance: ₹3.55 crore

Monitoring Agency Findings

Brickwork Ratings India Private Limited, represented by Senior Director Niraj Kumar Rathi, certified that:

  • All utilization is as per disclosures in the Offer Document
  • No material deviations from expenditures disclosed in the Offer Document
  • No major deviation observed over earlier monitoring agency reports
  • All government/statutory approvals related to objects have been obtained
  • No unfavorable events affecting the viability of the objects
  • No delay in implementation of objects

Verification and Certifications

The monitoring report was verified by CA Sushil Kumar Agrawal from Deoki Bijay & Co. Chartered Accountants (FRN Number: 313105E) through a CA certificate and company statement dated July 28, 2026.

Key Declarations

The monitoring agency declared no direct/indirect interest in or relationship with the issuer/promoters/directors/management, and no conflict of interest in monitoring and reporting the utilization of issue proceeds.