Tanvi Foods (India) Limited has officially reported that there has been no deviation or variation in the utilization of funds raised through preferential allotments as of September 30, 2026. The company stated that all funds raised via preferential allotments have been fully utilized, with no outstanding or unutilized amounts as of the reporting date. This confirmation has been reviewed by the Audit Committee.
Tanvi Foods Reports No Fund Deviation
Tanvi Foods (India) Limited has confirmed that there have been no deviations or variations in the utilization of funds that were raised through preferential allotments. This statement pertains to the financial position as of September 30, 2026.
Full Utilization of Raised Funds
The company’s announcement, dated November 14, 2026, clearly states that all funds obtained through preferential share and warrant allotments have been completely utilized. As of the reporting quarter’s end, there were no outstanding or unutilized amounts pertaining to these allotments.
Audit Committee Review
This confirmation of the non-deviation in fund utilization has undergone a thorough review by the Audit Committee of Tanvi Foods. The committee met on November 14, 2026, to discuss and approve the findings, ensuring compliance with regulatory requirements.
Preferential Allotment Details
The funds in question were raised through various preferential issues, including the allotment of 36,44,000 equity shares and 13,74,000 warrants on June 28, 2023, and subsequent conversions of warrants into equity shares on January 29, 2024, and August 8, 2024. Additional allotments and conversions continued through 2024 and 2026, amounting to a total raised fund of approximately ₹37.35 crore.
Source: BSE
