Rights Issue29 May 2026, 03:54 pm
Interactive Financial Services: No Deviation in Rights Issue Proceeds
AI Summary
Interactive Financial Services Ltd confirms no deviation or variation in the use of proceeds from its Rights Issue dated January 13, 2025, for the quarter ended March 31, 2026. Funds raised amounted to ₹1,175.11 lakhs. An EGM on September 25, 2025, approved variations, reallocating funds from setting up office space to increasing the company's net worth. The audit committee approved the deviation/variation. Statutory auditor B. T. VORA & CO. certified the utilization of funds for stated purposes.
Key Highlights
- No deviation in use of Rights Issue proceeds for quarter ended March 31, 2026.
- ₹1,175.11 lakhs raised through Rights Issue.
- Funds reallocated from office space to increase in net worth, approved in EGM.
- Audit committee reviewed and approved the deviation/variation.
- Statutory auditor certified utilization of funds for stated purposes.
Price Impact
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