Submission of Statement of Deviation & Variation pursuant ot Regulation 32(1), (3) of SEBI (LODR) Regulations, 2015.
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Awaiting price reaction for this filing.
Adhata Global Limited has submitted its quarterly statement on the use of funds raised through a preferential issue of convertible warrants for the quarter ended December 31, 2025. The company raised Rs. 9.50 crore on September 4, 2025, intended for working capital needs, business expansion, and general corporate purposes. Of the Rs. 9.50 crore raised, Rs. 2.375 crore (approximately 25%) has been utilised so far. The company confirms there has been no deviation or variation from the stated objects, and the Audit Committee had no comments after review.
No negative impact — the filing confirms funds are being used as originally disclosed to shareholders. Investors can take comfort that there is no misuse of proceeds, though the slow utilisation pace (only ~25% in nearly four months) suggests deployment may take more quarters.