Autoriders International: No Deviation in Fund Utilization for Q2 FY27
Autoriders International Ltd has filed a statement confirming no deviation or variation in the utilization of funds raised through a Preferential Issue Cum Private Placement. The funds were raised on December 31, 2024, amounting to ₹8,99,10,000. The report for the quarter ended June 30, 2026, reviewed by the Audit Committee, indicates that the utilized amounts for loan repayment, business expansion, and general corporate purposes align with the original objects. The company has provided a detailed breakdown of original allocations and actual utilization, showing nil deviation for the quarter.
Key Highlights
- No deviation reported in fund utilization for Q2 FY27.
- Funds raised via Preferential Issue Cum Private Placement.
- Utilization aligns with original objects: loan repayment, business expansion, general corporate.
- Report reviewed by the Audit Committee.
- No material variation in fund usage noted.
Price Impact
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