
Rights Issue14 Aug 2026, 04:15 pm
Enbee Trade & Finance: No Deviation in Rights Issue Fund Use
AI Summary
Enbee Trade & Finance Ltd has reported that there were no deviations or variations in the utilization of proceeds from its rights issue during the first quarter ended June 30, 2026. The company raised ₹1,256.20 Lakhs against an allocation of ₹12,005.00 Lakhs. The funds were utilized for repayment of unsecured loans from the promoter and promoter group (₹1,246.20 Lakhs) and augmentation of the capital base (₹10.00 Lakhs). Rights issue expenses were borne by the company from internal accruals. Both the Audit Committee and Chartered Accountants confirmed adherence to the objects stated in the Letter of Offer.
Key Highlights
- No deviation in rights issue fund utilization for Q1 FY27.
- ₹1,246.20 Lakhs used for promoter loan repayment.
- ₹10.00 Lakhs used for capital base augmentation.
- Rights issue expenses covered by internal accruals.
- Audit Committee and CA confirm compliance.
Price Impact
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