Autoriders Intl: No Fund Use Deviation for Q2 FY27

Autoriders International Ltd has filed its Statement on Deviation or Variation in utilization of funds raised through Preferential issue Cum Private Placement of Equity for the quarter ended September 30, 2026. The company reported no deviation or variation in the utilization of funds raised via preferential allotment of equity shares on December 31, 2024, amounting to ₹8,99,10,000. The funds were allocated to Repayment of Loans (₹1,75,10,000), Business Expansion (₹5,00,00,000), and General Corporate Purpose (₹2,24,00,000). The actual utilization for the quarter was ₹1,76,93,728 for loan repayment, ₹5,04,10,002 for business expansion, and ₹2,17,49,269 for general corporate purposes. The Audit Committee reviewed the statement and found no issues.