Regulatory13 Aug 2026, 07:11 pm
Raama Finance Confirms No Deviation in Preferential Issue Proceeds
AI Summary
Raama Finance Ltd has confirmed that there is no deviation or variation in the utilization of funds raised through a preferential issue of warrants for the quarter ended June 30, 2026. The funds were raised on March 17, 2026, amounting to ₹13,68,00,000. The utilization is in line with the original objects, which include business expansion, capital expenditure for intangible assets, and general corporate purposes. The Audit Committee has reviewed and confirmed the absence of any deviation.
Key Highlights
- No deviation in preferential issue proceeds for Q2 FY27.
- Funds raised: ₹13.68 crore via warrants on March 17, 2026.
- Utilization aligns with approved objects: business expansion, capex, general corporate.
- Audit Committee confirms no deviation in fund utilization.
- Report filed as per SEBI Listing Obligations and Disclosure Requirements.
Price Impact
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