Regulatory12 Aug 2026, 04:53 pm
Raaj Medisafe India Reports No Deviation in Fund Utilization
AI Summary
Raaj Medisafe India Ltd has submitted a statement of deviation/variation in the utilization of funds raised via preferential allotment on March 26, 2026. The funds, amounting to ₹18,01,25,000, were raised for acquisition of plant and machinery, business operations of Fabrizo Industries, company expansion, working capital, and general corporate purposes. For the quarter ended June 30, 2026, the company reported no deviation or variation in the utilization of these funds. The statement was reviewed by the Audit Committee on August 12, 2026.
Key Highlights
- No deviation reported in fund utilization for preferential allotment.
- Funds raised were for expansion, acquisition, and working capital.
- Statement covers funds raised on March 26, 2026.
- Reviewed by Audit Committee on August 12, 2026.
Price Impact
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