Shree Pacetronix Limited has submitted a statement confirming that there was no deviation or variation in the utilization of funds raised through its preferential issue. This confirmation pertains to the financial quarter ending June 30, 2026. The statement has been reviewed by the Audit Committee and taken on record by the Board of Directors, indicating adherence to regulatory requirements for fund deployment.
Fund Utilization Statement Filed
Shree Pacetronix Limited has officially confirmed that there were no deviations or variations in how funds raised via a preferential issue were utilized during the quarter that ended on June 30, 2026. This declaration is in compliance with Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Audit Committee and Board Approval
The company’s statement, which assures the proper application of the raised capital, has undergone a thorough review process. It was first scrutinized by the Audit Committee and subsequently approved and recorded by the Board of Directors. This dual approval signifies the diligence and oversight applied to the company’s financial operations and compliance.
Preferential Issue Details
The preferential issue involved the allotment of equity shares and warrants. Specifically, for the quarter ended June 30, 2026, the company reported no discrepancies in fund usage related to this issuance. The annexed statement details the allotment of equity shares and warrants on a preferential basis, including amounts received and the absence of any material variance in fund deployment against planned objectives.
Warrant Conversion and Fund Status
Annexure-A provides a breakdown of the fund-raising activities. It details the allotment of equity shares and warrants, the amounts received, and the status of warrant conversions. For instance, Series A Warrants were partially converted into equity shares, with a significant portion of Series B Warrants remaining outstanding. The overall fund raised amounted to Rs. 243.48 Lakh, with Rs. 152.18 Lakh received at the time of allotment. The utilized amount for specific purposes, such as capital expenditure and general corporate purposes, is also detailed, showing a fund utilized of Rs. 21.55 Lakh for capital expenditure and Rs. 0.74 Lakh for general corporate purposes during the period, with no deviation noted.
Source: BSE
