Regulatory13 Aug 2026, 05:35 pm
Rita Finance: No Deviation in Preferential Issue Fund Utilization for Q1 FY27
AI Summary
Rita Finance and Leasing Ltd has filed a statement of deviation or variation in the utilization of funds raised through a preferential issue of convertible warrants. For the quarter ended June 30, 2026, the company reported that there was no deviation or variation in the utilization of funds. A total of ₹456.50 Lakhs was raised, with ₹360.00 Lakhs utilized for funding working capital requirements and fund-raising expenses. The remaining ₹96.50 Lakhs are held in a special account. The company also noted that a portion of the preferential issue is yet to be raised and will be reported on subsequently.
Key Highlights
- No deviation reported in preferential issue fund utilization for Q1 FY27.
- ₹360.00 Lakhs utilized for working capital and fund-raising expenses.
- ₹96.50 Lakhs of raised funds remain in a special account.
- Further utilization of funds from the ongoing preferential issue to be reported.
Price Impact
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