Davin Sons Retail Ltd — Important, 28-11-2025: Company Update

Davin Sons Retail Limited's Managing Director confirmed that the funds from its preferential issue, totaling ₹7.69 Cr, will be used solely for approved purposes. The issue involves 19,25,000 Equity Shares and 11,50,000 Warrants, priced at ₹25 per security. These proceeds are primarily earmarked for expanding the company's retail operations, including opening new stores and covering related working capital needs. The company also stated its commitment to regularly report on the utilization of these funds. This ensures investor transparency on how the capital raised will drive business growth.