Five-Star Business Finance Limited confirms no deviation or variation in the utilization of proceeds from convertible share warrants for the quarter ended December 31, 2025 (Q3 2026). The company has not received any proceeds towards conversion of warrants into equity shares during this quarter. This statement complies with regulatory requirements.
Warrant Proceeds Update
Five-Star Business Finance Limited confirms that there were no deviations or variations in the utilization of proceeds from the issuance of convertible share warrants for the quarter ending December 31, 2025 (Q3 2026).
Details of Warrant Issuance
The initial issuance of warrants was announced on August 17, 2024, and further clarified with a corrigendum on September 9, 2024. This was in connection with the Annual General Meeting of the Company held on September 13, 2024.
No Conversion Activity in Q3 2026
During the quarter ended December 31, 2025, Five-Star Business Finance Limited received no proceeds related to the conversion of warrants into equity shares. As of December 31, 2025, the company has not received any proceeds towards conversion of warrants into equity shares of the Company. The initial upfront consideration received was INR 7,89,25,000 (Indian Rupees Seven Crore Eighty Nine Lakhs Twenty Five Thousand Only) for 4,10,000 warrants and fully utilized as stated in the AGM notice.
Statement on Deviation or Variation
As per regulatory requirements, a statement confirms no deviation or variation in the use of funds raised through the preferential issue of share warrants.
Source: BSE
