Piccadily Agro Industries Ltd — Important, 28-05-2026: Company Update

Piccadily Agro Industries Limited's monitoring agency, ICRA Limited, has confirmed no material deviation in the utilization of proceeds from its Compulsory Convertible Debentures and Convertible Warrants issue. Out of the 261.99 Cr raised, intended for business expansion, long-term working capital, and general corporate purposes, 245.18 Cr has been utilized. The remaining 16.81 Cr is on schedule, with unutilized funds deployed in fixed deposits. This update assures investors funds are being used as planned for the company's stated objectives.