Announced Wed, 28 Oct, 2026 · 19:49 IST
No deviation in use of Rs 105 crore preferential issue funds
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
The company confirmed there was no deviation in using funds raised through a preferential issue on April 23, 2025. Of Rs 105 crore raised, Rs 52.90 crore had been used by September 30, 2026: Rs 41.77 crore for working capital, Rs 5.59 crore for business expansion, and Rs 5.54 crore for general corporate purposes. The audit committee reviewed the statement on October 28, 2026; ICRA monitored the issue, and auditors raised no comments.
Likely market impact
Shows that raised funds are being used as planned. The filing gives no immediate earnings or share price impact.