No deviation or variation in the utilisation of proceeds of funds raised through Rights issue during the quarter ended on 31.03.2026.
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Annvrridhhi Ventures Ltd (formerly J. Taparia Projects Ltd, BSE code: 538539) has confirmed that during the quarter ended 31st March 2026, there was no deviation or variation in how the proceeds from its Rights Issue were utilised compared to the objects stated in the Letter of Offer dated November 01, 2025. The company raised ₹7.40 crore (₹7,40,54,117.50) through a Rights Issue of partly paid-up equity shares, with allotment on 17th December 2025. Acuite Ratings & Research Limited was appointed as the monitoring agency. Of the total raised, ₹738.26 lakh has been cumulatively utilised as of 31st March 2026 (₹7.02 lakh in this quarter alone), allocated toward Working Capital Requirements, General Corporate Purpose, and Issue Expenses. The audit committee and auditors both had no comments.
The filing shows clean use of proceeds with no deviations, which is a positive signal for shareholders as it indicates proper adherence to stated objectives. The absence of audit committee or auditor concerns adds credibility to the fund utilisation report.