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Awaiting price reaction for this filing.
Goyal Associates Ltd has filed a quarterly compliance statement to the BSE confirming that there were no deviations or variations in the use of funds raised through a preferential issue of convertible warrants. The company had raised ₹1.50 crore (₹1,50,00,000) via allotment of 60,00,000 convertible warrants at ₹2.50 each on 21 March 2025. Out of the total raised, the company utilized ₹1.39 crore till 31 March 2025, with ₹1.34 crore directed towards working capital requirements and ₹4.60 lakh towards fund-raising expenses. No monitoring agency was appointed, and no comments were received from the audit committee or auditors regarding any deviation.
This is a routine compliance filing and signals proper utilization of the recently raised funds as per the stated objects. The minor gap between raised and utilized amounts (about ₹11 lakh) reflects normal timing differences and is not a cause for concern for shareholders.