Key Quantitative Figures
- Amount Raised through Rights Issue: ₹28.42 crore (Rs 2841.80 Lakh)
- Date of Raising Funds: 3rd September 2025
- Working Capital Requirements: ₹8.90 crore (Rs 890.00 Lakh)
- Loan Repayment: ₹12.50 crore (Rs 1250.00 Lakh)
- General Corporate Purposes: ₹6.52 crore (Rs 651.80 Lakh)
- Issue Related Expenses: ₹0.50 crore (Rs 50.00 Lakh)
Utilization of Funds
Funds were utilized exactly as per the objects stated in the letter of offer dated 14th July 2025:
- Augmentation of existing and incremental working capital requirements: ₹8.90 crore
- Repayment of Secured/Unsecured Loans: ₹12.50 crore
- General Corporate Purposes: ₹6.52 crore
- Estimated Issue Related Expenses: ₹0.50 crore
Deviation Status
There was no deviation or variation in the use of proceeds from the stated objects. The company confirmed:
- No deviation in objects or purposes for which funds were raised
- No deviation in the amount of funds actually utilized as against originally disclosed amounts
- No change in terms of any contract referred to in the fund raising document
Governance and Signatory
- The statement was signed by Ramesh Shah, Whole Time Director (DIN: 01580767)
- No monitoring agency was appointed for the funds
- The Audit Committee reviewed and provided no comments (as no deviation occurred)
- Auditors provided no comments (as no deviation occurred)
- No shareholder approval was required or obtained for any changes
Time Period Covered
Quarter ended 31st March 2026