Rishi Laser: No Deviation in Preferential Issue Fund Utilization

Rishi Laser Ltd has submitted a statement to BSE confirming no deviation or variation in the utilization of funds raised from a preferential issue of convertible warrants. The funds were raised on September 25, 2024, amounting to ₹12,00,00,000. The company reported that ₹3,00,00,000 has been utilized for working capital and general corporate purposes. The remaining ₹9,00,00,000, received during the quarter ended June 30, 2026, is yet to be utilized. The Audit Committee has reviewed the statement, and the Board has taken it on record.