Fundviser Capital shareholders approve altered use of warrant proceeds

Fundviser Capital (India) Ltd announced that shareholders approved an alteration in the utilization of unutilized proceeds from a Preferential Issue of Convertible Warrants during the 41st Annual General Meeting (AGM) held on September 22, 2026. The company cited business challenges, operational difficulties, and changing financial requirements as reasons for not being able to utilize the funds as originally approved. The Board of Directors, on the recommendation of the Audit Committee, proposed the alteration, which was subsequently approved by the shareholders. This follows the allotment of 64,85,000 convertible warrants on November 25, 2025, and the conversion of 19,85,000 warrants into equity shares on March 23, 2026, leaving 45,00,000 warrants outstanding.