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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Fundviser Capital raised Rs. 18.24 crore (Rs. 18,23,71,875) during Q4 FY2026 through conversion of 19,85,000 Convertible Warrants into Equity Shares. The company disclosed a deviation of Rs. 86.95 lakh in fund utilization, where funds were excess utilized for investments, working capital, and general corporate purposes to capitalize on market opportunities. Total warrants issued were 64,85,000 with 45,00,000 still outstanding. The company states this is a temporary deviation that will be adjusted once all tranches of funds are received. The Audit Committee reviewed and noted the deviation on 21st May 2026.
This disclosure indicates improper fund allocation in the short term, though the company claims it was done to increase shareholder value. The deviation is relatively small (under Rs. 1 crore vs Rs. 18+ crore raised) and is classified as temporary. However, it signals weak internal controls over fund deployment.