Statement of Deviation or variation of funds for quarter ended 30th June 2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Fynx Capital has filed its quarterly statement confirming there is no deviation or variation in the use of proceeds from its Rights Issue of ₹1,600 lakhs conducted on March 25, 2025. The company has utilized ₹478.14 lakhs towards augmenting its capital base for NBFC activities out of the allocated ₹1,193.20 lakhs, leaving ₹715.06 lakhs unutilized. For General Corporate Purpose, ₹96.91 lakhs has been used out of ₹376.80 lakhs allocated. The ₹30 lakhs earmarked for issue-related expenses has been fully utilized. The Audit Committee reviewed and approved the statement on July 23, 2025, and the auditors raised no comments.
This is a routine compliance filing confirming funds are being used as originally disclosed, which is neutral for shareholders. However, nearly ₹995 lakhs (about 62% of the raised amount) remains unutilized, meaning shareholders should watch for deployment progress in coming quarters as slow utilization may delay the company's growth plans in NBFC operations.