Brand Concepts Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
BCONCEPTS · price
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Brand Concepts Limited has filed a statement confirming no deviation or variation in the utilization of proceeds from its preferential issue of convertible warrants raised on September 23, 2025. The company raised Rs. 7.49 crore (Rs. 4.99 crore + Rs. 2.50 crore) through this warrant issuance to the promoter group. As of March 31, 2026, Rs. 6.52 crore has been utilized towards the stated objects: working capital, expansion of manufacturing facility, and investment in brand building and acquiring new brands. The company received Rs. 2.5 crore on February 27, 2026 as an adhoc payment against the balance warrant consideration of Rs. 14.99 crore, with Rs. 12.49 crore still pending receipt. No comments were raised by the Audit Committee or auditors.
The confirmation of no deviation indicates proper utilization of funds as per the disclosed objects, which is a positive compliance indicator for shareholders. The pending receipt of Rs. 12.49 crore from warrant exercises may provide future capital inflows for the company's growth plans.