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Rights Issue7 Aug 2026, 05:00 pm

Jainex Aamcol: No Deviation in Right Issue Fund Use for Q2 2026

AI Summary

Jainex Aamcol Limited has filed a statement confirming no deviation or variation in the utilization of funds raised through its Right Issue for the quarter ended June 30, 2026. The company raised ₹897.80 Lakhs on December 10, 2025. The funds were allocated towards expansion programs and repayment of unsecured and secured loans. A deviation was noted in the allocation for expansion and loan repayment, with funds being utilized more than originally planned in these areas, but this was attributed to prioritizing higher-cost unsecured loans and aligning with board resolutions. The Audit Committee concluded there was no material deviation.

Key Highlights

  • No deviation reported in Right Issue fund utilization for Q2 2026.
  • ₹897.80 Lakhs raised via Right Issue on December 10, 2025.
  • Funds utilized for expansion and loan repayment.
  • Management cited financial prudence for allocation adjustments.
  • Audit Committee confirmed no material deviation in fund use.