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NIBE has confirmed no deviation in how it utilized funds raised from its Preferential Issue of equity shares via Convertible Warrants. The company raised Rs. 7.83 Cr, with Rs. 5.40 Cr allocated towards funding capital expenditure for new facilities and expansion. The remaining Rs. 2.43 Cr was used for funding subsidiaries' capital expenditure and augmenting the company's and its subsidiaries' working capital. This update assures investors that the funds were deployed precisely as initially planned, maintaining transparency regarding their application.