Regulatory14 Aug 2026, 08:12 pm
Raminfo Ltd: No Deviation in Preferential Issue Fund Utilization
AI Summary
Raminfo Ltd has reported no deviation or variation in the utilization of funds raised through its preferential issue. The funds, raised on March 29, 2024, totaling ₹30,51,18,722, were allocated for ongoing projects, working capital, and general corporate purposes. The company's Audit Committee reviewed the utilization and found it to be in accordance with the terms of the offer document and the explanatory statement approved by shareholders. The report covers the quarter ended June 30, 2026.
Key Highlights
- No deviation in preferential issue fund utilization reported.
- Funds raised: ₹30.51 Cr via preferential issue on March 29, 2024.
- Utilization aligned with objects: projects, working capital, corporate purposes.
- Audit Committee confirmed no deviations in fund usage.
- Report covers the quarter ended June 30, 2026.
Price Impact
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