Business Update29 May 2026, 05:51 pm
Future Market Networks Utilizes ₹1.73 Cr for Loan Instalment
AI Summary
Future Market Networks Ltd disclosed the utilization of proceeds raised through a preferential issue. ₹1.73 Crores was used for payment of an instalment of a secured loan from Axis Finance Limited, and ₹0.79 Crores was allocated for general corporate purposes. The company stated that there was no deviation in the utilization of the proceeds.
Key Highlights
- ₹1.73 Crores utilized for payment of secured loan instalment to Axis Finance Limited.
- ₹0.79 Crores allocated for general corporate purposes.
- No deviation reported in the utilization of preferential issue proceeds.
- Disclosure made under Regulation 32(1) of SEBI (LODR) Regulations, 2015.
Price Impact
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