Aveer Foods Ltd — Important, 28-05-2026: Company Update

Aveer Foods Limited reported no deviation in the use of funds from its preferential issue, covering the quarter ended March 31, 2026. The company successfully raised Rs. 26.00 Cr. Of this, INR 6.25 Cr was received upfront by March 2025, with the remaining 75% collected upon warrant conversion by March 2026. All funds were fully utilized as planned: Rs. 25.00 Cr was allocated for acquiring Kamal Industries, and Rs. 1.00 Cr for working capital. This confirms the company's adherence to the shareholder-approved objectives for the capital raised.