Regulatory26 May 2026, 07:21 pm
Silicon Rental Solutions: No Deviation in Funds Utilization
AI Summary
Silicon Rental Solutions Ltd. confirms no deviation or variation in the utilization of proceeds from the Preferential Issue of Equity Shares and Convertible Warrants for the year ended March 31, 2026. The funds were raised on January 15, 2025, and utilized as approved in the Extraordinary General Meeting held on October 23, 2024. The Audit Committee reviewed and confirmed the statement, with no adverse comments from auditors.
Key Highlights
- No deviation in use of ₹2,546.78 Lakhs raised via Equity Share Preferential Issue.
- No deviation in use of ₹305.47 Lakhs raised via Convertible Warrant Preferential Issue.
- Audit Committee review confirms proper utilization of funds.
- Funds utilized for Capital Investment, Long-term working capital and General Corporate Purpose.
Price Impact
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