Riddhi Corporate Services Ltd — Important, 30-05-2026: Company Update

Riddhi Corporate Services has updated on fund utilization for its 2017 public issue of 12.35 Cr. A deviation was reported, with 2.18 Cr originally earmarked for acquisitions now re-purposed for operational expenses, including salaries and employee costs across core business verticals. This change received shareholder approval. For the 2023 preferential issue of 7.0356 Cr, the company confirmed no deviation in fund utilization. This update provides clarity on capital deployment.