Regulatory30 May 2026, 07:33 pm
Adhata Global: No Deviation in Convertible Warrant Proceeds
AI Summary
Adhata Global Ltd confirms no deviation or variation in the utilization of proceeds from the issuance of Convertible Warrants for the quarter ended March 31, 2026. The funds raised on September 04, 2025, amounting to ₹9,50,00,000, were intended for working capital, business expansion, and general corporate purposes. The Audit Committee reviewed the statement, and auditors provided no comments. ₹2.375 Crores has been utilized till date.
Key Highlights
- Adhata Global reports no deviation in use of ₹9.5 Cr raised via convertible warrants.
- Funds were raised on September 4, 2025, for working capital and expansion.
- Audit Committee reviewed the statement with no adverse comments.
- ₹2.375 Cr of the raised funds has been utilized till March 31, 2026.
Price Impact
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