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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rishi Laser Limited has filed a quarterly statement confirming that there has been no deviation or variation in the use of funds raised through its Preferential Issue dated 25 September 2024. The total amount raised was Rs. 12 crore, with the stated purposes being capital expenditure for expansion, working capital requirements, and general corporate purposes. So far, the company has received Rs. 3 crore (25%) as warrant subscription money from 8 lakh warrants at Rs. 37.50 each, which has been utilised towards working capital and general corporate purposes. The statement was reviewed by the Audit Committee and noted by the Board at their meeting held on 20 May 2025, with no auditor comments or deviations reported. No monitoring agency is applicable for this issue.
This is a routine compliance filing confirming funds are being used as originally disclosed, which is neutral for shareholders. It provides comfort that the Rs. 12 crore preferential issue proceeds are on track, though only 25% (Rs. 3 crore) has been received and deployed so far, indicating further fund inflows and deployment are expected in coming quarters.