Fundviser Capital (India) Ltd — Important, 09-09-2025: Company Update

Fundviser Capital's application for a preferential issue of 64.85 lakh convertible warrants, totaling Rs. 75.23 Cr, has been returned by BSE. The exchange found the proposed use of funds vague, lacking specific details on how the capital would be deployed across investee entities, their names, financials, or utilization timelines. BSE raised concerns about planned investments in DARS Transtrade (Rs. 45 Cr), New India Re & Infra (Rs. 10 Cr), and Starlight Box Theatres (Rs. 10 Cr), citing issues with their financial track record and clarity on shareholder benefits. This halts the company's fundraising plan and necessitates a revised approach.