FilingReader Intelligence
Vakrangee fails to use INR 89m preferential issue funds
July 31, 2025 at 06:09 AM UTC•By FilingReader AI
Vakrangee Limited has not utilized any funds from its preferential issue during the quarter ended June 30, 2025, according to its monitoring agency report.
The company raised INR 88.94 crore out of a targeted INR 162.00 crore, with 45.10% of the subscribed warrant amount still outstanding.
The share price of INR 10.18 is significantly below the warrant exercise price of INR 27, potentially impacting future conversions and project viability.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
BSE:VAKRANGEE•Bombay Stock Exchange
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