Fund Utilization Report for the quarter ended 31st March,2026.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
String Metaverse Limited has filed a statement confirming no deviation or variation in the utilization of proceeds from its Rights Issue (dated 05-05-2025) for Q4 FY2025-26. The company raised Rs. 4925.15 Lakhs through the Rights Issue. Capital Expenditure for overseas subsidiaries shows Rs. 3668.12 Lakhs allocated but fully unutilized (phased deployment). General Corporate Purpose has Rs. 1217.13 Lakhs utilized, which includes a reallocation of Rs. 300.10 Lakhs from Issue-Related Expenses, remaining within the 25% permissible limit. Issue-Related Expenses show Rs. 16.14 Lakhs utilized out of Rs. 340 Lakhs allocated. The Audit Committee has reviewed and confirmed no deviation in fund utilization.
Positive for shareholders - the filing confirms funds are being deployed as per the offer document without any deviation. The unutilized capital expenditure amount suggests a phased investment approach for overseas subsidiaries.