Certificate received from Infomerics for the period ended 31st March, 2026 for utilisation of Rights Issue Funds.
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Aplab Ltd has submitted confirmation that proceeds from its Rights Issue (1,25,70,000 equity shares at Rs. 19 per share) have been properly utilized. The company raised Rs. 6.29 crore (partial call of Rs. 5 per share) out of the proposed Rs. 23.88 crore - the remaining Rs. 14 per share (Rs. 17.59 crore) is yet to be called. The Rs. 6.29 crore received was fully utilized in Q2FY26 across three purposes: working capital (Rs. 3.03 crore), loan repayment (Rs. 2.75 crore), and general corporate purposes (Rs. 0.26 crore). Monitoring agency Infomerics has confirmed no material deviations from the objects stated in the Letter of Offer. The company had planned Rs. 23.38 crore for working capital (Rs. 15 crore), loan repayment (Rs. 2.75 crore), and general corporate purposes (Rs. 5.63 crore).
For shareholders, this filing confirms proper utilization of the partial rights issue funds raised, with no deviations from disclosed objects. The company has called only a fraction of the total proposed issue size, indicating a measured approach to capital raising that may reduce immediate equity dilution.