Ratnaveer Precision confirms full utilization of warrant funds

Ratnaveer Precision Engineering Limited announced on November 3, 2025, that there was no deviation or variation in the use of proceeds from warrants issued on a preferential basis for the quarter ended September 30, 2025. This confirmation, addressed to both the National Stock Exchange of India and BSE Limited, aligns with Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company raised approximately INR 29 crores through a preference issue of warrants, with approximately INR 28.87 crores received from investors by the reporting period. These funds were allocated for specific objectives: INR 15.66 crores for meeting working capital requirements, INR 6.67 crores for business expansion, and INR 6.67 crores for general corporate purposes. The utilization for each category matched the original allocation precisely.

The objects for which the funds were raised were approved by shareholders in an extraordinary general meeting held on July 26, 2024. Both the audit committee and auditors reported no comments regarding the utilization of these proceeds, reinforcing the company's adherence to the stated purpose.