Innovana Thinklabs Reports No Deviation in Preferential Issue Fund Use

Innovana Thinklabs Ltd has filed a statement confirming no deviation or variation in the utilization of proceeds from its preferential issue of 8,60,000 warrants. The funds were raised through a preferential issue of warrants convertible into equity shares. The company received Rs. 9,26,65,000 at subscription and Rs. 5,17,20,000 upon conversion of 1,60,000 warrants by October 13, 2025. The total funds received as of December 31, 2025, amounted to Rs. 14,43,85,000. The remaining Rs. 22,62,75,000 is expected within 18 months. The Audit Committee reviewed and approved the statement, confirming adherence to the stated objects.