Corporate Governance5 Nov 2026, 08:13 pm
Riyaasat Lifestyle: No Deviation in Fund Utilization
AI Summary
Riyaasat Lifestyle Ltd has submitted its First Monitoring Agency Report for the quarter ended September 30, 2026, confirming no deviations in the utilization of proceeds from its Public Issue. The company raised ₹3019.73 Lakhs through the issue. As of September 30, 2026, ₹1475.00 Lakhs have been utilized, with ₹1544.73 Lakhs pending utilization, including ₹12.50 Lakhs held as FD with a bank. The report, issued by Brickwork Ratings India Private Limited and certified by Abhishek Kumar & Associates, verifies that fund utilization aligns with the objects stated in the company's prospectus dated June 16, 2026.
Key Highlights
- No deviations found in the utilization of public issue proceeds.
- ₹1475.00 Lakhs utilized as of September 30, 2026.
- ₹1544.73 Lakhs pending utilization.
- Funds utilization aligns with prospectus objectives.
- Report covers utilization for the half-year ended September 30, 2026.
Price Impact
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