No deviation in use of Rs 13.90 crore preferential issue funds

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Price reactionminutes from the announcement price · days from the prior close

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₹2.23

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.7%+4.3% vs market

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Reaction day

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AI summary

The company confirmed that all Rs. 13.90 crore raised through a preferential issue on August 7, 2026 was used as planned by September 30, 2026. This includes Rs. 13.65 crore for working capital and Rs. 0.25 crore for issue expenses. There was no deviation or change in use, and the Audit Committee raised no comments.

Likely market impact

Neutral for shareholders as funds were used as planned, with no diversion or deviation reported.