Quarterly Result12 Feb 2026, 10:34 pm
Autoriders International Ltd. Deviates Fund Utilization by INR 8,606,272 for Q3 2025
AI Summary
Autoriders International Ltd., a Mumbai-based company, reported a deviation in funds utilization for the quarter ended 31st December 2025. The deviation of INR 8,606,272 was due to changes in loan repayments, business expansion, and general corporate purposes. The Audit Committee and auditors have reviewed the deviation, which was not shareholder-approved. The company raised INR 89,910,000 in a preferential allotment of equity shares on 31st December 2024.
Key Highlights
- Deviation of INR 8,606,272 in funds utilization
- Changes in loan repayments, business expansion, and general corporate purposes
- No shareholder approval for the deviation
- Reviewed by the Audit Committee and auditors
- INR 89,910,000 raised in preferential allotment of equity shares
Price Impact
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