Regulatory27 May 2026, 10:22 pm
Mizzen Ventures: No Deviation in Preferential Issue Proceeds
AI Summary
Mizzen Ventures Ltd reported no deviation or variation in the use of proceeds from its preferential issue for the six months ended March 31, 2026, as per Regulation 32 of SEBI (Listing Obligations & Disclosures Requirements) Regulations, 2015. The company raised ₹315.90 Lakhs through preferential issues on March 30, 2026, and the funds were allocated to invest and grant loans in companies for expansion, growth, and working capital. The Audit Committee reviewed and confirmed that the funds were utilized as planned with no deviations.
Key Highlights
- Mizzen Ventures reports no deviation in preferential issue proceeds for H1 FY26.
- ₹315.90 Lakhs raised via preferential issue on March 30, 2026.
- Funds utilized for investment and loans in companies as originally planned.
- Audit Committee reviewed and confirmed no deviation in fund utilization.