No deviation in use of warrant issue proceeds for Q1 FY27
FIVESTAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Five-Star filed a nil deviation statement under SEBI Reg 32 for Q1 FY27 (quarter ended June 30, 2026). The company raised INR 31.57 crore via preferential issue of 4,10,000 convertible warrants at INR 770 each. The upfront 25% (INR 7.89 crore, received Oct 2024) and balance 75% (INR 17.90 crore, received March 2026 on conversion of 3,10,000 warrants) were both fully utilised for the stated objects. 1,00,000 warrants lapsed as holders did not exercise in time. Audit Committee reviewed and confirmed no deviation.
Routine compliance filing. Nil deviation confirms funds were used as disclosed, mildly positive for investor confidence and corporate governance perception.