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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Patron Exim Ltd has filed its half-yearly statement confirming the utilization of funds raised through a Public Issue on March 1, 2023, amounting to Rs. 16.68 Crores. The funds were allocated across three purposes: Rs. 11.47 Crores for Incremental Working Capital Requirements, Rs. 3.80 Crores for General Corporate Purposes, and Rs. 1.42 Crores for Public Issue expenses. Of the total, Rs. 16.45 Crores has been utilized, with a minor variance of Rs. 0.24 Crores in Public Issue expenses (1.18 Crores utilized vs 1.42 Crores allocated). The company has confirmed there is no material deviation in the use of funds as per the originally disclosed objects.
This is a routine compliance filing with no material deviation from the stated objects of the fundraise. The minor underspend on public issue expenses (Rs. 0.24 Crore) is not significant and does not require shareholder approval or explanation. Shareholders can note that funds have been deployed largely as intended.