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Best Agrolife Limited has announced a board meeting to review the financial results for the quarter and half-year. The company raised Rs 150 Cr through a preferential issue of convertible warrants, lower than the initially planned Rs 200 Cr due to under-subscription. The board reallocated funds, cutting capital expenditure to Rs 50 Cr from Rs 70 Cr while increasing working capital allocation to Rs 120 Cr from Rs 90 Cr. Rs 36.8 Cr has been utilized for working capital. Despite a Rs 16.5 Cr shortfall in warrant subscription payments due to regulatory and payment delays, there is no deviation in the use of funds raised.