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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.
Goyal Associates Limited has confirmed to BSE that there was no deviation or variation in the use of proceeds from its preferential issue of convertible warrants. The company raised ₹1.50 crore on 21 March 2025 by issuing 60 lakh convertible warrants at ₹2.50 each (face value ₹1, premium ₹1.50). Out of the total, ₹1.40 crore was allocated for working capital, of which ₹1.345 crore was used till 31 March 2025 and an additional ₹59.99 lakh was used during Q1 FY26. Fund raising expenses of ₹9.60 lakh saw ₹4.60 lakh used by 31 March 2025 and ₹5 lakh during Q1 FY26. Cumulatively, ₹1.50 crore has been deployed, with no monitoring agency appointed. The filing is signed by Chairman Vuppala Naga Malleswara Rao.
This is a routine compliance filing confirming that the ₹1.5 crore raised via warrants has been used as originally disclosed (mostly working capital) with no misuse or change of purpose. There is no material impact on shareholders or the stock price, though it signals proper utilization of recently raised funds.