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Corporate Governance4 Nov 2026, 08:30 pm

Vintage Coffee: No Deviation in Preferential Issue Fund Use

AI Summary

Vintage Coffee And Beverages Ltd has reported no deviation or variation in the utilization of funds raised through a preferential issue for the quarter ended September 30, 2026. The company raised ₹744.00 Lakhs (₹7.44 Crore) on July 7, 2026. The funds were allocated to working capital requirements for ongoing and future projects (₹558.00 Lakhs) and for general corporate purposes (₹186.00 Lakhs). The statement was reviewed by the Audit Committee on November 4, 2026, confirming the adherence to the original objects. The monitoring agency for this issue is Infomerics Valuation and Rating Limited.

Key Highlights

  • No deviation reported in the utilization of preferential issue funds.
  • ₹744.00 Lakhs (₹7.44 Crore) raised via preferential issue.
  • Funds allocated to working capital and general corporate purposes.
  • Audit Committee reviewed and approved the fund utilization.
  • Infomerics Valuation and Rating Limited is the monitoring agency.