Corporate Governance29 Jul 2026, 06:00 pm
Vintage Coffee: No Deviation in Preferential Issue Funds Use for Q1 FY27
AI Summary
Vintage Coffee And Beverages Ltd has filed a statement of deviation for the quarter ended June 30, 2026, confirming no variation in the utilization of funds raised through a preferential issue. The total amount raised was ₹18,389.20 lakhs on September 11, 2025. Funds were allocated to investments in a wholly-owned subsidiary for capital expenditure, working capital requirements, issue-related expenses, and general corporate purposes. The Audit Committee reviewed the statement on July 29, 2026, and found no deviations.
Key Highlights
- No deviation reported in the use of preferential issue funds for Q1 FY27.
- Total funds raised via preferential issue: ₹18,389.20 lakhs.
- Funds allocated across capital expenditure, working capital, and corporate purposes.
- Audit Committee reviewed and approved the utilization statement.
- Monitoring agency: Infomerics Valuation and Rating Limited.
Price Impact
More from VINCOFE