In accordance with regulation 32 of SEBI (LODR) Regulations, 2015, it is hereby confirmed there is no deviation or variation in the use of proceeds from the preferential issue of the company. ....
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Jayant Infratech has filed a compliance statement under SEBI LODR Regulation 32, confirming there is no deviation or variation in the use of proceeds from its preferential issue. During the quarter, the company raised Rs. 1,52,55,000 (about Rs. 1.53 crore) on August 21, 2025 through conversion of 1,80,000 warrants into equity shares. The entire amount remains unutilized as of quarter-end because BSE listing approval is still pending. The intended use of the funds is for working capital needs, business expansion, and general corporate purposes. In a related note, 15,92,000 warrants held by three shareholders lapsed (not converted within 18 months) and have been forfeited. The audit committee reviewed and approved the statement on November 13, 2025.
This is a routine compliance filing with no negative action against the company — the directors have confirmed funds will be used as originally disclosed. The forfeiture of unconverted warrants is a small negative signal but does not hurt the company financially. The pending BSE listing approval is the only operational overhang delaying deployment of the raised funds.