With respect to fund raised through Share Warrants Convertible into Equity Shares of the Company.
BCONCEPTS · price
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Brand Concepts Limited has filed a statement confirming no deviation or variation in the utilization of proceeds raised through issuance of Convertible Warrants to the promoter group on preferential basis. The company raised Rs. 7.49 crore through the preferential issue on 23 September 2025. The funds are being utilized for working capital, expansion of manufacturing facility, and investment in brand building and acquiring new brands. As of 31 March 2026, Rs. 6.52 crore has been utilized. The company received an additional Rs. 2.5 crore on 27 February 2026 as an advance payment against the balance warrant consideration.
No deviation reported — the company has utilized funds as stated in the objects of the issue. Shareholders can note that warrant conversion proceeds continue to flow in phases, with Rs. 12.49 crore balance still to be received.