ALPHA TRIBE

Richa Info Systems LimitedOthers, 03-07-2025: Statement of deviation(s) or variation(s) under Reg. 32

03-07-2025 | 06:52 pm

Richa Info Systems has reported no deviation or variation in the use of funds raised through multiple preferential issues and conversion of warrants into equity shares during the latest quarter. The total amounts raised ranged from Rs. 174 lakh to Rs. 3,261.63 lakh across different tranches, all monitored by CRISIL Ratings Limited. The funds were intended for repayment of certain borrowings, capital expenditure on lipid complex injections machinery for the oncology unit, and general corporate purposes. The company confirms that the utilization aligns with the originally disclosed objects, maintaining transparency and adherence to its funding plans.

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