Statement of Deviation & Variation for the quarter ended 31.03.2025
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Nexome Capital Markets has confirmed that there were no deviations or variations in the use of funds raised during the quarter ended March 31, 2025. The company had raised Rs. 4.94 Crores (25% upfront consideration) on October 25, 2024, through a preferential issue of 2,92,000 equity shares and 19,20,000 equity convertible warrants of Rs. 10 each at Rs. 16 per warrant, with the total issue size being Rs. 14.157 Crores. The intended use of the Rs. 4.94 Crores received so far was Rs. 4.672 Crores for investment in shares/securities and Rs. 0.2688 Crores for working capital. As of March 31, 2025, the entire Rs. 4.94 Crores remains unutilized but is kept earmarked for the stated purposes. The Audit Committee reviewed the statement and noted that everything is in order.
This is a routine compliance filing confirming proper use of raised funds with no misuse. For shareholders, the fact that no funds have been deployed yet means investors should watch for updates on how and when the money is put to use, as any future deployment will directly affect the company's investment book and earnings potential.