Praveg Ltd — Important, 13-02-2026: Company Update

Praveg Limited has released the final Monitoring Agency Report for its Preferential Issue of equity shares and warrants from May 2024. The original issue target of 210.10 Cr was revised to 143.94 Cr due to undersubscribed equity and warrants that were not converted. This shortfall affected the viability of the issue's objectives. The company has now fully deployed the revised 143.94 Cr, allocating it to Project Expansion (128.77 Cr), subsidiary investments (0.17 Cr), and General Corporate Purposes (15.00 Cr). No unutilized funds remain, marking the completion of fund deployment.