Viviana Power Tech Limited has informed the Exchange regarding 'Disclosure of utilization of funds raised through Preferential issue'.
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Awaiting price reaction for this filing.
Viviana Power Tech Limited has reported the utilization of ₹22.5 crore raised through a preferential issue dated 12 July 2024, for the quarter and year ended 31 March 2025. The funds were earmarked for three purposes: strengthening working capital (₹2.05 crore utilised), enhancement of marketing and distribution networks (₹2.25 crore), and development of new product lines (₹19.16 crore received towards convertible share warrants). The company has confirmed there is no deviation or variation from the originally stated objects of the issue. The statement was reviewed by the Audit Committee on 6 May 2025 and audited by Mulund & Rohit Chartered Accountants.
The filing confirms that the company has used the preferentially raised funds as originally disclosed, with no deviation. This is a routine compliance update and is neutral for shareholders, though it provides transparency on how the ₹22.5 crore was deployed, with the bulk going into warrants and new product development.