Regulatory26 May 2026, 03:14 pm
MFS Intercorp: No Deviation in Funds Use for Mar 2026
AI Summary
MFS Intercorp Ltd reports no deviation or variation in the utilization of funds raised through a preferential issue of convertible warrants for the quarter ended March 31, 2026. The funds, amounting to ₹1522.50 Lakhs, were raised through preferential allotment of convertible warrants issued on March 7, 2026, and March 12, 2026. The audit committee reviewed the statement, and the Board of Directors recorded it on May 26, 2026.
Key Highlights
- MFS Intercorp confirms no deviation in use of funds from warrants.
- ₹1522.50 Lakhs raised via preferential allotment of warrants.
- Funds allocated for supply chain, workshop, tech, and working capital.
- Audit Committee and Board reviewed and approved the statement.
- 1,01,50,000 warrants allotted at ₹15 per warrant.
Price Impact
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