StockWatch
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Other Textile Products
Regulatory13 Aug 2026, 01:23 pm

Adhata Global: No Deviation in Convertible Warrants Fund Use

AI Summary

Adhata Global Ltd has submitted a statement confirming no deviation or variation in the utilization of proceeds from its convertible warrants issuance. The funds, raised on September 4, 2025, amounting to ₹9,50,00,000, were intended for working capital, business expansion, and general corporate purposes. The report covers the quarter ended June 30, 2026, and has been reviewed by the Audit Committee, which found no deviations. The company has confirmed that the utilization aligns with the objects stated in the notice for the Annual General Meeting held on July 14, 2025.

Key Highlights

  • No deviation reported in the utilization of convertible warrants proceeds.
  • Funds raised were ₹9.50 Crores on September 4, 2025.
  • Utilization aligns with stated objects for working capital and expansion.
  • Statement covers the quarter ended June 30, 2026.
  • Audit Committee reviewed and found no issues.