Fundviser Capital Confirms No Deviation in Preferential Issue Fund Use
Fundviser Capital (India) Ltd has confirmed no deviation or variation in the utilization of funds raised through its preferential issue of convertible warrants for the quarter ended September 30, 2026. The company had raised ₹79,44,12,500/- through the issuance of 64,85,000 convertible warrants. During the quarter, 19,85,000 warrants were converted into equity shares, amounting to ₹18,23,71,875/-. The unutilized balance of ₹3,31,20,295.00 was available for utilization. The company had altered the utilization of funds with shareholder approval at its 41st AGM. Investments in subsidiaries DARS Transtrade Private Limited, New India Re & Infra LLP, and Starlight Box Theatres Private Limited, as well as Silver Sage Trading LLC, have been made as per the original and modified objects. The Audit Committee reviewed the statement and offered no comments.
Key Highlights
- No deviation in preferential issue fund utilization for Q2 FY27.
- 19,85,000 warrants converted to equity shares worth ₹18.24 Cr.
- ₹3.31 Cr unutilized funds available for Q2 FY27.
- Investments made in subsidiaries as per approved objects.
- Audit Committee reviewed and found no issues with fund utilization.
Price Impact
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