Regulatory29 May 2026, 02:29 am
RAMINFO: No Deviation in Preferential Issue Fund Utilization for Q4 FY26
AI Summary
RAMINFO LIMITED confirmed no deviation or variation in the utilization of proceeds from its Preferential Issue for the quarter ended March 31, 2026. The company raised ₹30,51,18,722 on March 29, 2024, with funds earmarked for ongoing projects, working capital requirements, and general corporate purposes. The Audit Committee reviewed the utilization and noted no deviation from the stated objects, ensuring compliance with the offer document and SEBI regulations.
Key Highlights
- RAMINFO reported no deviation in preferential issue fund use.
- Funds raised totaled ₹30.51 crore on March 29, 2024.
- Funds allocated for projects, working capital, general corporate.
- Audit Committee confirmed no deviation in fund utilization.
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