Intimation of Deviation or Variation for the Quarter ended 30th September 2025 of Fynx Capital Limited
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Awaiting price reaction for this filing.
Fynx Capital Ltd has confirmed that there are no deviations or variations in the use of proceeds from its Rights Issue, which raised Rs. 1,600 lakhs in March 2025. Out of the total, Rs. 1,193.20 lakhs was earmarked for augmenting the capital base for NBFC activities, of which Rs. 1,188.16 lakhs has been utilised with Rs. 5.04 lakhs remaining. Rs. 376.80 lakhs was allocated for general corporate purposes, of which Rs. 249.10 lakhs has been used so far leaving Rs. 127.70 lakhs unutilised. The Rs. 30 lakhs earmarked for issue-related expenses has been fully utilised. The total unutilised amount stands at Rs. 132.74 lakhs. The Audit Committee reviewed the statement on 7 November 2025 and had no comments; the auditors also had no comments.
This is a routine compliance filing confirming that the company has used Rights Issue funds broadly in line with the stated objects, which is a neutral to slightly positive signal for shareholders as it reflects disciplined deployment of capital. However, about Rs. 132.74 lakhs remains unutilised, meaning investors should watch for timely deployment especially in the NBFC lending business.