Choice Intl: Monitoring Agency confirms no deviation in warrant use

Choice International Ltd has submitted the Monitoring Agency Report for the quarter ended March 31, 2026, issued by India Ratings and Research Private Limited. The report monitors the utilization of proceeds from a preferential issue of share warrants. It confirms that all share warrants have been fully converted into equity shares as of March 31, 2026, with no outstanding warrants or unutilized proceeds remaining. The report explicitly states that there has been no deviation in the use of proceeds from the objects stated in the Explanatory Statement to the EGM notice and corrigendum. This confirmation is based on management undertaking and a Statutory Auditor Certificate dated April 23, 2026.