Satetment of Deviation & Variation for the Prefrential Issue of the Company for the F.Y. 2025 - 26
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bizotic Commercial Limited filed a statement of uses/application of funds raised through preferential issues for the half year ended 31st March 2026. The company raised funds through 10 separate preferential allotments between February-March 2026 totaling approximately ₹40.7 crore. All filings indicate no deviation in the utilization of funds from the approved objects. The stated purpose was to meet working capital requirements and general corporate purposes. In each case, the company received share warrants in multiple tranches. The original object included store set-up and furniture costs, but the modified object was simplified to only working capital requirements. The audit committee reviewed these statements on 26th May 2026, and chartered accountants Shweta Jain & Co LLP certified the filings.
The company has successfully raised capital through preferential issues without any reported deviation in fund utilization. Shareholders should note that funds are being deployed for working capital as intended. The use of share warrants indicates potential dilution ahead as these warrants are likely to be converted into equity.