Statement on Deviation or Variation of funds raised through the Preferential Issue.
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Dev Labtech Venture Ltd has confirmed that there was no deviation or variation in the use of funds raised through its preferential issue for the half-year ended 30th September 2025. The company had raised Rs. 2,227.04 lakh by issuing 35,92,000 convertible warrants at Rs. 62 per warrant (including a premium of Rs. 52) to promoters, promoter group, and certain identified non-promoter persons, allotted on 21 December 2023. The funds were originally meant for capital expenditure for business expansion and additional working capital needs. As on 30 September 2025, all 35,92,000 warrants have been converted into equity shares and the full amount has been utilized. The Audit Committee reviewed and noted no deviation in the use of funds.
This is a routine compliance filing confirming disciplined use of funds with no misuse or diversion. Shareholders can take comfort that all proceeds have been deployed for the stated objects, though the news is largely neutral and unlikely to move the stock price meaningfully.