Submission of Certificate regarding utilization of funds raised through Rights Issue of Equity Shares
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Awaiting price reaction for this filing.
Aplab Limited has submitted a Monitoring Agency certificate (by Infomerics Valuation and Rating Ltd) confirming that funds raised through its Rights Issue have been fully utilized for the stated objects. The Rights Issue of 1,25,70,000 equity shares closed on July 3, 2025, with a total proposed issue size of Rs. 23.88 crore, though only Rs. 5 per share was called initially, raising Rs. 6.29 crore. As of December 31, 2025, the entire Rs. 6.29 crore raised has been utilized with zero unutilized balance. During Q3FY26, the company reallocated Rs. 2.75 crore from the working capital object to repay a loan from Laxmimanak Finance Pvt Ltd, supported by a No-Due Certificate and auditor verification. The remaining Rs. 17.59 crore from the unscheduled portion of the issue is yet to be called.
This is a routine compliance filing confirming no major deviation in fund use, which should reassure shareholders. The reallocation of Rs. 2.75 crore from working capital to loan repayment slightly shifts the use of proceeds but is within the stated objects and auditor-verified. Minority investors should note that nearly 74% of the originally proposed Rs. 23.88 crore is yet to be called, meaning more dilution-linked cash may still flow in.