Key Findings
- No deviation or variation in utilization of Rights Issue proceeds during quarter ended September 30, 2026
- Monitoring agency: Crisil Ratings Limited
- No comments from Audit Committee or auditors regarding fund utilization
Fund Raising Details
- Mode of Fund Raising: Rights Issue
- Type of Instrument: Equity
- Date of Raising Funds: January 01, 2026 to January 30, 2026
- Amount Raised: ₹29.97 crore (2,996.81 lakhs)
Fund Utilization Breakdown
| Purpose | Original Allocation (₹ lakhs) | Amount Utilized (₹ lakhs) |
| Repayment of Bank Loans | 284.00 | 284.00 |
| Setting-up of Effluent Treatment Plant (50 kilo litres per day capacity) | 270.00 | 33.75 |
| Expansion of Business by setting up new production facility including new factory building and plant and machinery | 1,695.35 | 887.58 |
| General Corporate Purposes | 670.83 | 670.66 |
Total Utilization
Total funds utilized: ₹1,875.99 lakhs out of ₹2,996.81 lakhs raised