Statement of Deviation or variation of funds for quarter ended 31st December, 2025
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Awaiting price reaction for this filing.
Fynx Capital Ltd has filed a quarterly compliance statement confirming there is no deviation or variation in the use of proceeds from its Rights Issue. The company had raised Rs. 1,600 lakhs (Rs. 16 crore) via a Rights Issue on March 25, 2025. As of December 31, 2025, the entire amount has been fully utilized across the stated objects: Rs. 1,193.20 lakhs towards augmenting the capital base for NBFC activities, Rs. 376.80 lakhs for general corporate purposes, and Rs. 30 lakhs for issue-related expenses. The statement was reviewed by the Audit Committee and approved by the Board on January 29, 2026. Both the Audit Committee and auditors had no comments.
This is a routine SEBI-mandated compliance filing confirming that the company used its Rights Issue proceeds exactly as originally disclosed to shareholders. No negative implications for the stock; simply reconirms disciplined deployment of the Rs. 16 crore raised.