FMNL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Future Market Networks Limited has disclosed the utilization of proceeds raised through a Preferential Issue. INR 1.73 Crores was used to pay an instalment of a Secured Loan to Axis Finance Limited, and INR 0.79 Crores was deployed for general corporate purposes. The total utilization stands at INR 2.52 Crores. The company confirms there is no deviation in the deployment of funds from the stated objectives of the preferential issue.
The use of preferential issue proceeds to repay secured debt (Axis Finance loan) indicates the company is actively reducing its debt obligations, which could improve its balance sheet and financial health over time.