Statement(1) |
| Mode of Fund Raising | Preferential Issues |
| Description of mode of fund raising
(Applicable in case of others is selected) | |
| Date of Raising Funds | 08-01-2024 |
| Amount Raised (in Rs. Crores) | 14.59 |
| Report filed for Quarter ended | 30-09-2024 |
| Monitoring Agency | Not applicable |
| Monitoring Agency Name, if applicable | |
| Is there a Deviation / Variation in use of funds raised | No |
| If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders | |
| If Yes, Date of shareholder Approval | |
| Explanation for the Deviation / Variation | |
| Comments of the Audit Committee after review | The Audit committee noted that there are no deviations. |
| Comments of the auditors, if any | |
Statement(2) |
| Mode of Fund Raising | Preferential Issues |
| Description of mode of fund raising
(Applicable in case of others is selected) | |
| Date of Raising Funds | 11-01-2024 |
| Amount Raised (in Rs. Crores) | 36.48 |
| Report filed for Quarter ended | 30-09-2024 |
| Monitoring Agency | Not applicable |
| Monitoring Agency Name, if applicable | |
| Is there a Deviation / Variation in use of funds raised | No |
| If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders | |
| If Yes, Date of shareholder Approval | |
| Explanation for the Deviation / Variation | |
| Comments of the Audit Committee after review | The Audit committee noted that there are no deviations and Rs. 36,48,75,000/- is the total issue size. However, as on 30th September, 2024, company has received 25% of the issue size i.e. Rs. 9,12,18,750/- (Rs. 60.8125/warrant for 15,00,000 warrants), as upfront consideration/subscription amount. Balance 75% (Rs. 182.4375/warrant) will be received as and when the conversion option is exercised by the warrant holder to convert warrants into equity shares during the tenure of 18 months of the warrant. |
| Comments of the auditors, if any | |