Pursuant to Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. CIR/CFD/CMD1/162/2019 dated ....
PRAVEG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Praveg Limited has filed a quarterly compliance statement confirming there is no deviation or variation in the utilization of proceeds from its preferential issue dated May 17, 2024. The company raised Rs. 143.94 crore, which is lower than the originally planned Rs. 210.10 crore because some warrant holders did not exercise their conversion rights, leading to forfeiture of that subscription amount. Crisil Ratings Limited is acting as the monitoring agency for the fund usage. During the quarter ended December 31, 2025, only about Rs. 6.6 lakh was newly utilized, indicating that the bulk of the funds had already been deployed in earlier quarters. The Audit Committee and auditors had no comments or concerns on the usage.
This is a routine SEBI-mandated compliance filing with no negative implications for shareholders — it confirms the company used the raised capital as originally planned. The warrant forfeiture slightly reduced the actual capital raised, but there is no governance or fund-misuse concern flagged.