Corporate Governance13 Aug 2026, 05:30 pm
PMC Fincorp: No Deviation in Preferential Issue Funds Use
AI Summary
PMC Fincorp Ltd has confirmed no deviation or variation in the utilization of funds raised through a preferential issue (warrant allotment) dated February 17, 2026. The company raised ₹589.5 Lakhs, with ₹2589.50 Lakhs received during the quarter ended March 31, 2026. These funds were allocated to augment the capital base and for general corporate purposes. The entire amount received has been fully utilized during the quarter ended June 30, 2026, as per the statement reviewed by the Audit Committee.
Key Highlights
- No deviation reported in the use of preferential issue funds.
- Funds raised were ₹589.5 Lakhs via warrant allotment.
- Proceeds were used for capital augmentation and general corporate purposes.
- Full utilization of received funds confirmed for the quarter.
- Statement reviewed and approved by the Audit Committee.
Price Impact
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