Five-Star Business Finance: Nil deviation in preferential issue fund use

Five-Star Business Finance Ltd confirmed nil deviation in the utilization of proceeds from its preferential issue of convertible share warrants for the quarter ended March 31, 2026. The company raised a total of ₹31.57 crore through 4,10,000 share warrants. The upfront consideration of ₹7.89 crore, received on October 24, 2024, has been fully utilized for working capital. The balance consideration of ₹17.90 crore, received on March 23, 2026, from the conversion of 3,10,000 share warrants, remained unutilized as of the quarter end. This statement, reviewed by the Audit Committee, complies with Regulation 32 of SEBI (LODR) Regulations, 2015.