Regulatory15 May 2026, 10:21 pm
JOJO Ltd: No Deviation in Preferential Issue Fund Utilization
AI Summary
JOJO Ltd confirms no deviation or variation in the utilization of proceeds from its preferential issue of convertible warrants, as per Regulation 32(1) of SEBI guidelines. The funds raised, totaling ₹1,00,00,000, were intended for the objects mentioned in the Extra Ordinary General Meeting held on September 4, 2024, for issuance of 1,00,00,000 convertible warrants at ₹40 each. The audit committee reviewed the statement, confirming no discrepancies in fund utilization.
Key Highlights
- JOJO Ltd reports no deviation in the use of funds from preferential issue.
- ₹1,00,00,000 raised through convertible warrants at ₹40 per warrant.
- Funds utilized as per objects stated in the EGM notice dated September 4, 2024.
- Audit Committee review confirms no variation in fund utilization.
- Company confirms compliance with SEBI Regulation 32(1).
Price Impact
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