Regulatory20 May 2026, 07:21 pm
The Byke Hospitality: No Deviation in Preferential Issue Proceeds
AI Summary
The Byke Hospitality Ltd. reported no deviation or variation in the use of proceeds raised through the Preferential Issue of Equity Warrants for the quarter ended March 31, 2026. The funds raised amounted to ₹54.95 Crores, with ₹1.27 Crores remaining unutilized as of March 31, 2026, and invested in fixed deposits. This is in compliance with Regulation 32 of the SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015.
Key Highlights
- No deviation in use of preferential issue proceeds for March 2026 quarter.
- ₹54.95 Crores raised through preferential issue.
- ₹1.27 Crores unutilized as of March 31, 2026, invested in fixed deposits.
- Compliant with SEBI regulations regarding use of funds.
Price Impact
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