Five-Star Business Finance Reports Nil Deviation in Fund Utilization

Five-Star Business Finance Ltd has filed a statement confirming nil deviation or variation in the utilization of proceeds from its convertible share warrants for the quarter ended June 30, 2026. The funds raised through a preferential issue of share warrants on October 24, 2024, and subsequent conversion on March 24, 2026, were fully utilized for the stated objects. The company raised a total of INR 31,57,00,000, with INR 7,89,25,000 received upfront and INR 17,90,25,000 upon conversion. The Audit Committee has reviewed and confirmed the nil deviation.