Rishi Laser Ltd — Updates, 20-05-2025: Company Update

Rishi Laser Limited has announced there is no deviation or variation in the utilization of funds raised through a preferential issue amounting to Rs. 12 Cr. The company received Rs. 3 Cr as subscription money for 8 lakh warrants and has used these funds for working capital and general corporate purposes. The audit committee reviewed and recorded the statement confirming full compliance with the intended use of funds, indicating financial discipline and alignment with planned business objectives. This reassures shareholders about the company’s transparent fund management.