Pursuant to Regulation 32 of SEBI (LODR) Regulation 2015 the proceeds of Right Issue till 30.09.2025 is being fully utilized as per object stated in offer documents
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Awaiting price reaction for this filing.
Growington Ventures India has filed a quarterly statement confirming that the entire proceeds of its Rights Issue, completed on 23 June 2025, have been fully utilised as per the objects disclosed in the offer document, with no deviation or variation. The company raised about Rs. 48.17 crore by issuing 4.81 crore equity shares at Re. 1 each in a 3:1 ratio to existing shareholders. The funds have been deployed across three approved purposes: about Rs. 36.95 crore towards augmenting working capital, roughly Rs. 10.47 crore for general corporate purposes, and about Rs. 0.75 crore towards issue-related expenses. The statement covers the quarter ended 30 September 2025 and was reviewed by the Audit Committee.
For shareholders, this is a positive compliance update — the company has used the Rights Issue money exactly as promised, which reduces governance risk and supports confidence in how future raises may be handled. With no deviation, there is no negative trigger for the stock from this filing.