Shree Rajasthan Syntex Limited has reported that there were no deviations or variations in the utilization of funds raised through its preferential issue for the quarter ended June 30, 2026. The statement confirms that funds were utilized as per the objects outlined in the preferential issue. The company has provided a detailed breakdown of fund utilization against the original objects, showing complete adherence to the planned allocation.
Fund Utilization Statement for Q1 FY27
Shree Rajasthan Syntex Limited has officially confirmed that there were no deviations or variations in the utilization of funds from its preferential issue during the quarter that concluded on June 30, 2026. This statement aligns with the company’s commitments made in the offer document for the preferential allotment of equity shares, which took place on November 28, 2025.
Details of Fund Allocation and Utilization
The company has detailed the utilization of funds raised, amounting to Rs. 1076.56 Lakhs. The objects for which funds were raised include repaying financial creditors, meeting employee dues, and financing working capital requirements. For the quarter ended June 30, 2026:
- Repayment of financial creditors: An original allocation of Rs. 255.00 Lakhs was fully utilized.
- Payment of employee dues: An original allocation of Rs. 65.00 Lakhs was fully utilized.
- Financing working capital requirement: An original allocation of Rs. 456.56 Lakhs was fully utilized.
- Financing capital expenditure: An original allocation of Rs. 300.00 Lakhs saw Rs. 232.61 Lakhs utilized up to March 31, 2026, and an additional Rs. 26.69 Lakhs utilized during the period April 1, 2026, to June 30, 2026. This leaves Rs. 40.70 Lakhs pending utilization for capital expenditure.
The accompanying certificate from Doogar & Associates, Chartered Accountants, corroborates that the statement of fund utilization is in agreement with the unaudited financial statements for the three months ended June 30, 2026, and fairly presents the manner of utilization of funds in all material aspects.
Source: BSE
