Regulatory21 May 2026, 04:51 pm
Ritesh International: Funds Fully Utilized, No Deviation
AI Summary
Ritesh International Ltd. announces that funds raised through a preferential issue have been fully utilized without any deviation, as per Regulation 32 of SEBI guidelines. A certificate from the Statutory Auditor confirms the complete utilization for the intended purpose. The funds, amounting to ₹379.086 Lakhs, were raised on January 30, 2026, and the report pertains to the quarter ended March 31, 2026.
Key Highlights
- Ritesh International confirms full utilization of funds raised via preferential issue.
- No deviation or variation in fund utilization reported.
- Statutory Auditor's certificate confirms fund utilization.
- ₹379.086 Lakhs utilized for reduction/repayment of credit facilities.
- Report filed under SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015.
Price Impact
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