Rights Issue26 Oct 2026, 07:12 pm
Vineet Laboratories: No Deviation in Rights Issue Fund Use for June 30, 2026
AI Summary
Vineet Laboratories Limited has filed a statement confirming no deviation or variation in the utilization of funds raised through its Rights Issue as of June 30, 2026. The company raised ₹2996.81 Lakhs (₹29.97 Crore) between January 1 and January 30, 2026. The funds were allocated for repayment of bank loans (₹284 Lakhs), setting up an effluent treatment plant (₹270 Lakhs), expansion of business by setting up a new production facility (₹1695.35 Lakhs), and general corporate purposes (₹670.83 Lakhs). The report indicates that the utilization for these purposes aligns with the original allocation, with no significant deviations noted for the quarter.
Key Highlights
- No deviation reported in the utilization of Rights Issue proceeds as of June 30, 2026.
- Total funds raised via Rights Issue amounted to ₹2996.81 Lakhs (₹29.97 Crore).
- Allocations included loan repayment, effluent plant, business expansion, and general corporate purposes.
- Utilization aligns with original fund allocation as per the statement.
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