Khoobsurat Limited Reports No Deviation in Utilization of Rights Issue Funds for Q4FY26
Khoobsurat Limited has submitted a statement confirming no deviations or variations in the utilization of proceeds from its rights issue during the fourth quarter ended March 31, 2026. The company raised ₹33.74285 crore through a rights issue conducted between May 21, 2024, and June 13, 2024. The funds were allocated across various purposes including purchase of corporate offices, equity investment in Salcete Brewing Limited, purchase of tradable and strategic securities, general corporate purposes, business expansion and working capital, and right issue expenses. A revised statement was filed adding a new column for Business Expansion, Working Capital, and Business Promotions, which was previously clubbed with General Corporate Purpose. The company confirmed there is no deviation in either the revised or original statement filed with BSE.
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Khoobsurat Limited has submitted a statement to the stock exchanges confirming that there are no deviations or variations in the utilization of proceeds from its rights issue during the fourth quarter ended March 31, 2026. The disclosure was made pursuant to Regulation 32 of the SEBI LODR Regulations, 2015 and SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019.
The company had raised ₹33.74285 crore through a rights issue conducted between May 21, 2024, and June 13, 2024. The proceeds were allocated across multiple objectives as disclosed in the object clause of the Prospectus dated April 10, 2024. In a revised statement, the company added a new column for Business Expansion, Working Capital, and Business Promotions, which was previously clubbed with General Corporate Purpose. The company clarified that there is no deviation in either the revised or original statement filed with BSE.
Utilization of Funds
The table below details the allocation and utilization of funds raised through the rights issue:
| Original Object | Modified Object, If any | Original Allocation (₹ in Lakh) | Modified Allocation, If any (₹ in Lakh) | Funds Utilized (₹ in Lakh) | Variation | Remarks |
|---|---|---|---|---|---|---|
| Purchase of Corporate Offices in Mumbai, Kolkata and Goa | Not Any | 350.00 | 200.00 | - | Nil | Not Any |
| Equity Investment in Salcete Brewing Limited | Not Any | 600.00 | - | 600.00 | Nil | Not Any |
| Purchase of Tradable and Strategic, securities and Stock | Not Any | 1,700.00 | - | 1,700.00 | Nil | Not Any |
| General Corporate Purposes | Not Any | 574.29 | - | 574.29 | Nil | Not Any |
| Business Expansion, Working Capital, Business Promotions, etc. | Not Any | - | 200.68 | 200.68 | Nil | Not Any |
| Right Issue Expenses | Not Any | 150.00 | 99.32 | 99.32 | Nil | Not Any |
| Total | 3,374.29 | 3,174.29 |
Key Details
The statement confirmed that there is no deviation or variation in the use of funds raised. The Audit Committee and Auditors provided no comments after reviewing the utilization statement. The monitoring agency was not appointed for this fund-raising exercise. The total original allocation amounted to ₹3,374.29 lakh, while funds utilized totaled ₹3,174.29 lakh as per the statement.
The disclosure was signed by Sanjay Ramroop Mishra, Managing Director of Khoobsurat Limited, with DIN: 09048557. The statement was filed with both BSE Limited (Scrip Code 535730) and The Calcutta Stock Exchange Ltd. (Scrip Code 10021144) on April 29, 2026.
Historical Stock Returns for Khoobsurat
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | +6.12% | -14.75% | -10.34% | +225.00% |
What strategic value does Khoobsurat expect to derive from its equity investment in Salcete Brewing Limited, and how might this impact its core business operations?
How will the company deploy the remaining ₹2 crore of unutilized funds, and what timeline is expected for complete fund deployment?
What specific types of tradable and strategic securities has Khoobsurat acquired with the ₹17 crore allocation, and how do these align with its investment strategy?
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