The Byke Hospitality Confirms No Deviation in Preferential Issue Fund Use

The Byke Hospitality Limited has informed the exchange that there has been no deviation or variation in the utilization of funds raised through a Preferential Issue of Equity Warrants. The funds, amounting to ₹54.95 Crores, were raised on July 11, 2024, and have been allocated towards repayment of borrowings (₹9.07 Crores) and general corporate purposes/working capital (₹45.88 Crores). As of June 30, 2026, all raised funds have been utilized, with no unutilized balance remaining. The company submitted a 'Nil' statement of deviation as per SEBI regulations.