
Regulatory28 May 2026, 09:42 pm
Rishi Laser reports no deviation in preferential issue fund use
AI Summary
Rishi Laser Limited has confirmed that there were no deviations or variations in the utilization of proceeds from its preferential issue for the quarter ended March 31, 2026. The company raised ₹1200 lakhs on September 25, 2024, with funds earmarked for capital expenditure, working capital requirements, and general corporate purposes. This statement, filed under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, was reviewed by the Audit Committee and subsequently taken on record by the Board at their meetings held on May 28, 2026.
Key Highlights
- No deviation in preferential issue fund utilization for Q4 FY26.
- Company raised ₹1200 lakhs via preferential issue on Sep 25, 2024.
- Funds were designated for capex, working capital, and general corporate.
- Compliance statement reviewed by Audit Committee and Board.
- Filing made under SEBI Regulation 32 for fund usage.
Price Impact
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