
Rights Issue14 Aug 2026, 09:20 pm
Annvrridhhi Ventures: No Deviation in Rights Issue Fund Use for Q1 FY27
AI Summary
Annvrridhhi Ventures Ltd (formerly J. Taparia Projects Ltd) has filed a statement confirming no deviation or variation in the utilization of funds raised through a Rights Issue. The funds, amounting to ₹11,87,73,754.00 raised on December 17, 2025, were intended for Working Capital Requirements and General Corporate Purpose, along with issue expenses. For the quarter ended June 30, 2026, the company utilized ₹437.59 lakhs, bringing the cumulative utilization to ₹1175.84 lakhs. The filing, made pursuant to SEBI regulations, indicates full compliance with the stated objects in the Letter of Offer dated November 01, 2025.
Key Highlights
- No deviation in rights issue fund utilization for Q1 FY27.
- ₹11.88 Cr raised via rights issue on Dec 17, 2025.
- Funds allocated for working capital and general corporate purposes.
- Cumulative utilization stands at ₹11.76 Cr as of June 30, 2026.
Price Impact
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