RAMINFO LIMITED has submitted its statement on the deviation or variation in the utilization of funds raised through a preferential issue. For the quarter ended September 30, 2026, the company reported no deviation or variation in how the funds were utilized, adhering to the objects for which they were raised as per the offer document and shareholder approval.
RAMINFO LIMITED Confirms Fund Utilization Compliance
In a recent filing, RAMINFO LIMITED has affirmed that there have been no deviations or variations in the utilization of funds raised through its preferential issue. This statement pertains to the quarter that concluded on September 30, 2026.
Adherence to Raised Fund Objects
The company stated that the utilization of these funds aligns with the initial objectives for which they were raised. This compliance is in accordance with the terms outlined in the offer document and the explanatory statement provided to the shareholders during the Extra Ordinary General Meeting held on January 17, 2024, which approved the preferential issue.
Audit Committee Review
The Audit Committee, after its review, also noted that there were no deviations or variations observed in the use of funds raised via the preferential issue. The total amount raised was ₹30,51,18,722, comprising funds from equity shares, warrants, and the exercise of convertible warrants.
Breakdown of Fund Utilization
The preferential issue was raised for the following primary purposes:
- Meeting funding requirements for various ongoing projects of the Company/JVs (in which the Company is a partner).
- Meeting working capital requirements to strengthen the financial position.
- General corporate purposes.
For the quarter ending September 30, 2026, the total allocation for the stated objects was ₹24,40,94,979 for ongoing projects and working capital, and ₹6,10,23,743 for general corporate purposes. The funds utilized matched these allocations precisely, resulting in nil deviation or variation.
Source: BSE
