Statement of Deviation and Variation for the Quarter ended September 30, 2025.
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The company filed its quarterly statement confirming no deviation or variation in the use of funds raised through a Rights Issue of Equity Shares on February 4, 2025. Total amount raised was Rs. 115.98 lakhs, earmarked for setting up a new office (Rs. 102.30 lakhs) and meeting issue expenses (Rs. 13.68 lakhs). Out of this, Rs. 91.46 lakhs had been utilized up to June 2025, and an additional Rs. 24.52 lakhs was utilized during the quarter ended September 30, 2025, meaning the proceeds were almost fully deployed as per the original objects. The Audit Committee and auditors had no comments, and no monitoring agency was applicable given the issue size.
This is a routine compliance filing with no negative signals — shareholders can take comfort that the company's small Rights Issue proceeds were used exactly as promised, with no misuse or change in purpose.