Tanvi Foods: No Deviation in Fund Utilization for Preferential Allotments

Tanvi Foods (India) Ltd has reported that there has been no deviation or variation in the utilization of funds raised through preferential allotments as of September 30, 2026. The company confirmed that all funds raised via preferential allotments have been fully utilized. The statement of deviation was reviewed by the Audit Committee on November 14, 2026. The funds were raised through various preferential issues of equity shares and warrants, with the total amount raised being Rs. 37,35,44,250/-. The original objects for raising funds included completing a state-of-the-art facility, meeting working capital requirements, repayment of unsecured loans, and general corporate purposes. Subsequent EGM on December 14, 2024, also approved funds for repayment of unsecured loans, working capital, additional capex, and general corporate purposes. All funds have been utilized as per the stated objectives.