Niraj Cement Structurals logo

Niraj Cement Structurals MD, chairman, board of directors and AGM

NSE: NIRAJBSE: 532986ConstructionSmall Cap

Last close ₹24.16down ₹1.19 (4.69%)BSE ₹24.15

Share price at the NSE close on 23 Oct 2026. Previous close ₹25.35.

52-week range of traded prices to 23 Oct 2026
₹20.15Low, 30 Mar 2026₹45.50High, 23 Dec 2025
Market cap
₹144 Cr2,474th largest listed
P/E
6.1
P/B
0.5
Dividend yield
Nonein the last 12 months
ROE
9.3%
ROCE
5.6%
Debt to equity
0.29
Volume, NSE
15,42575.0% delivered

Niraj Cement Structurals board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorVishram Pandurang Rudre
  • Company Secretary and Compliance OfficerAnil Anant Jha

6 directors4 independent2 executive

  • Vishram Pandurang Rudre · Chairperson and managing directorExecutive · joined Feb 2021 · reappointed Feb 2024 · 1 listed board · 2 committee seats
  • Sudhakar Balu TandaleExecutive · joined Feb 2021 · reappointed Feb 2024 · 1 listed board
  • Partha Sarathi RautIndependent · joined Jul 2021 · reappointed Jul 2021 · 59 months as independent · 1 listed board · 1 as independent
  • Ratan Umesh SanilIndependent · joined Dec 2017 · reappointed Dec 2022 · 103 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • Kavita Suresh HindiaIndependent · joined Aug 2023 · reappointed Aug 2023 · 34 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • Dimple Deepak GerujaIndependent · joined Apr 2017 · reappointed Apr 2022 · 111 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 21 May 20266 of 6 present4 independent · 99 days in between
    • 10 Feb 20266 of 6 present4 independent

  • Audit Committee

    Chair Ratan Umesh Sanil

    Kavita Suresh Hindia, Vishram Pandurang Rudre

    • 21 May 20263 of 3 present2 independent · 99 days in between
    • 10 Feb 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair Kavita Suresh Hindia

    Dimple Deepak Geruja, Ratan Umesh Sanil

    • 21 May 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Dimple Deepak Geruja

    Kavita Suresh Hindia, Vishram Pandurang Rudre

    • 21 May 20263 of 3 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Jun 2026.

  • Chaturvedi Sohan & CoPeer-review certificate valid to Aug 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Niraj Cement Structurals AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Niraj Cement Structurals share news and announcements

Annual general meeting, 28 Sep 2026

14,175 shareholders on the register on 21 Sep 2026; present: 5 promoters and 62 others; votes counted by Abhaykumar J. Pal / Abhay Kumar Pal & Co.The company's voting result (opens in a new tab)

  1. To consider and adopt Audited Standalone & Consolidated Financial Statements and Auditor’s Reports thereon for the financial year ended 31st March, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 70.03% · promoters 99.70% · institutions 0.00% · other public 60.17%

  2. To appoint a Director in place of Mr. Sudhakar Balu Tandale (DIN: 09083084), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 70.03% · promoters 99.70% · institutions 0.00% · other public 60.17%

  3. To ratify the remuneration payable to the Cost Auditor for FY 2026-27.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 70.03% · promoters 99.70% · institutions 0.00% · other public 60.17%

  4. To make investments, give loans, guarantees and security in excess of limits specified under section 186 of the Companies Act, 2013.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 70.03% · promoters 99.70% · institutions 0.00% · other public 60.17%

  5. To approve Material Related Party Transaction with M/s. NCSL-RYC, a Joint Venture.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 45.17% · promoters 0.00% · institutions 0.00% · other public 60.17%

  6. To approve Material Related Party Transaction with M/s. Yojaka-Niraj, a Joint Venture
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 45.17% · promoters 0.00% · institutions 0.00% · other public 60.17%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 30 Jun 2026, 1 resolution

14,628 shareholders on the register on 22 May 2026; votes counted by Abhaykumar J. Pal / M/s. Abhay Kumar Pal & Co..The company's voting result (opens in a new tab)

  1. Re-appointment of Mr. Partha Sarathi Raut (DIN: 08804981) as an Independent Director of the Company for a Second Term of 5 (Five) consecutive years.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 67.72% · promoters 91.25% · institutions 0.00% · other public 59.91%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Sep 2025, 7 resolutions

12,950 shareholders on the register on 22 Sep 2025; present: 5 promoters and 56 others; votes counted by Abhaykumar J. Pal / Abhay Kumar Pal & Co.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone & Consolidated Financial Statements and Auditor's Reports thereon for the Financial Year ended on 31st March, 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 68.98% · promoters 95.22% · institutions 0.00% · other public 60.28%

  2. Re-Appointment of Mr. Vishram Pandurang Rudre (DIN: 08564350) as a Director, liable to retire by rotation, who has offered himself for re-appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 68.98% · promoters 95.22% · institutions 0.00% · other public 60.28%

  3. Ratification of the remuneration of the Cost Auditors of the Company for the Financial Year 2025-26.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 68.98% · promoters 95.22% · institutions 0.00% · other public 60.28%

  4. Appointment of Secretarial Auditors of the Company and fixing their remuneration.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 68.98% · promoters 95.22% · institutions 0.00% · other public 60.28%

  5. To make investments, give loans, guarantees and security in excess of limits specified under section 186 of the Companies Act, 2013.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 68.98% · promoters 95.22% · institutions 0.00% · other public 60.28%

  6. Approval of Material Related Party Transaction with M/s. Niraj –SPPL JV, a Joint Venture.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 45.27% · promoters 0.00% · institutions 0.00% · other public 60.28%

  7. To approve the Material Related Party Transaction with M/s. Jeet-Niraj JV, a Joint Venture.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 45.27% · promoters 0.00% · institutions 0.00% · other public 60.28%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 10 Oct 2024, 3 resolutions

Present: 4 promoters and 39 others.The company's voting result (opens in a new tab)

  1. Increase the Authorised Share Capital of the Company and consequently amendment in Memorandum of Association of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 70.09% · promoters 71.26% · institutions 0.00% · other public 69.72%

  2. To consider and approve the issue of upto 1,25,00,000 Fully Convertible Warrants (“Warrants/Convertible Warrants”) on a Preferential and Private Placement basis.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 70.09% · promoters 71.26% · institutions 0.00% · other public 69.72%

  3. To consider and approve the issue of upto 1,25,50,000 Equity Shares on Preferential and Private Placement basis to certain identified Non-Promoters of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 70.09% · promoters 71.26% · institutions 0.00% · other public 69.72%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 26 Sep 2024, 6 resolutions

Present: 4 promoters and 40 others.The company's voting result (opens in a new tab)

  1. (a) To receive, consider and adopt the standalone audited financial statement of the Company for the financial year ended 31st March, 2024, together with the report of the Board of Directors and Auditor thereon.nn(b) To receive, consider and adopt the consolidated audited financial statement of the Company for the financial year ended 31st March, 2024, together with the report of the Board of Directors and Auditor thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 73.83% · promoters 86.66% · institutions 0.00% · other public 69.73%

  2. Re-appointment of Mr. Sudhakar Balu Tandale (DIN : 09083084) as a Director, liable to retire by rotation, who has offered herself for re- appointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 73.83% · promoters 86.66% · institutions 0.00% · other public 69.73%

  3. To ratify the remuneration payable to the cost Auditor for the financial year ending 31st March. 2025n
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 73.83% · promoters 86.66% · institutions 0.00% · other public 69.73%

  4. Approval of Material Related Party Transaction with M/s Niraj - BN Infra Projects LLP JV, a Joint Venture
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 52.81% · promoters 0.00% · institutions 0.00% · other public 69.73%

  5. Approval of Material Related Party Transaction with M/s Niraj - Satish JV, a Joint Venture
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 52.81% · promoters 0.00% · institutions 0.00% · other public 69.73%

  6. Approval of Material Related Party Transaction with M/s Niraj - Force JV, a Joint Venture
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 52.81% · promoters 0.00% · institutions 0.00% · other public 69.73%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 25 Mar 2024, 5 resolutions

The company's voting result (opens in a new tab)

  1. Re-Appointment of Mr. Vishram Pandurang Rudre (DIN. 08564350) as a Managing Director of the Company.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 70.05% · promoters 71.26% · institutions 0.00% · other public 69.66%

  2. Re-Appointment of Mr. Sudhakar Balu Tandale (DIN. 09083084) as an Whole-Time Director of the Company.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 70.05% · promoters 71.26% · institutions 0.00% · other public 69.66%

  3. Approval of Material Related Party Transaction with M/s Niraj-Patel JV, a Joint Venture.
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 52.76% · promoters 0.00% · institutions 0.00% · other public 69.66%

  4. Approval of Material Related Party Transaction with M/s Niraj-Babulnath JV, a Joint Venture.
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 52.76% · promoters 0.00% · institutions 0.00% · other public 69.66%

  5. Approval of Material Related Party Transaction with M/s Niraj-Jandu JV, a Joint Venture.
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 52.76% · promoters 0.00% · institutions 0.00% · other public 69.66%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 26 Sep 2023, 15 resolutions

Present: 5 promoters and 31 others.The company's voting result (opens in a new tab)

  1. (a) To receive, consider and adopt the standalone audited financial statement of the Company for the financial year ended 31st March, 2023, together with the report of the Board of Directors and Auditor thereon.nn(b) To receive, consider and adopt the consolidated audited financial statement of the Company for the financial year ended 31st March, 2023, together with the report of the Auditor thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 70.02% · promoters 76.04% · institutions 0.00% · other public 68.25%

  2. To appoint Mr. Vishram Pandurang Rudre (DIN: 08564350) as Director of the Company, who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 70.02% · promoters 76.04% · institutions 0.00% · other public 68.25%

  3. Re-Appointment of Statutory Auditor of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 70.02% · promoters 76.04% · institutions 0.00% · other public 68.25%

  4. To ratify the remuneration payable to the Cost Auditor for the financial year ending March 31, 2024.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 70.02% · promoters 76.04% · institutions 0.00% · other public 68.25%

  5. Approval of Material Related Party Transaction with M/s. Niraj Mahavir JV, a Joint Venture.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 52.74% · promoters 0.00% · institutions 0.00% · other public 68.25%

  6. Approval of Material Related Party Transaction with M/s. Niraj - RKD JV, a Joint Venture
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 52.74% · promoters 0.00% · institutions 0.00% · other public 68.25%

  7. Approval of Material Related Party Transaction with M/s. Niraj - SMIPL JV, a Joint Venture
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 52.74% · promoters 0.00% · institutions 0.00% · other public 68.25%

  8. Approval of Material Related Party Transaction with M/s. Niraj - NSR JV, a Joint Venture
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 52.74% · promoters 0.00% · institutions 0.00% · other public 68.25%

  9. Approval of Material Related Party Transaction with M/s. Niraj - Patel JV, a Joint Venture
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 52.74% · promoters 0.00% · institutions 0.00% · other public 68.25%

  10. Approval of Material Related Party Transaction with M/s. Niraj – Babulnath JV, a Joint Venture
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 52.74% · promoters 0.00% · institutions 0.00% · other public 68.25%

  11. Approval of Material Related Party Transaction with M/s. Niraj - Shivsai JV, a Joint Venture
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 52.74% · promoters 0.00% · institutions 0.00% · other public 68.25%

  12. Approval of Material Related Party Transaction with M/s. Niraj - Jandu JV, a Joint Venture
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 52.74% · promoters 0.00% · institutions 0.00% · other public 68.25%

  13. Approval of Material Related Party Transaction with M/s. Niraj Cement Structurals Limited and S & K Developers JV, a Joint Venture.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 52.74% · promoters 0.00% · institutions 0.00% · other public 68.25%

  14. Approval of Material Related Party Transaction with M/s. Niraj-Force JV, a Joint Venture
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 52.74% · promoters 0.00% · institutions 0.00% · other public 68.25%

  15. To appoint Mrs Kavita Suresh Hindia (DIN: 09335908) as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 70.02% · promoters 76.04% · institutions 0.00% · other public 68.25%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Sep 2022, 6 resolutions

Present: 4 promoters and 39 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Standalone and Consolidated Audited Financial Statement of the Company for the fnancial year ended 31st March, 2022, together with the report of the Board of Directors and Auditor thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 77.85% · promoters 86.66% · institutions 0.00% · other public 75.03%

  2. To appoint Mr. Sudhakar Balu Tandale (DIN: 09083084) as Director of the Company, who retires by rotation and being eligible, offers himself for re-appointment
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 77.85% · promoters 86.66% · institutions 0.00% · other public 75.03%

  3. Re-Appointment of Mr. Ratan Umesh Sanil (DIN: 07785011) as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 77.85% · promoters 86.66% · institutions 0.00% · other public 75.03%

  4. Approval of Material Related Party Transaction with M/s. Niraj-Patel JV, a Joint Venture.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 9.76% · promoters 0.00% · institutions 0.00% · other public 12.89%

  5. Approval of Material Related Party Transaction with M/s. Niraj-Babulnath JV, a Joint Venture
    OrdinaryPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 9.76% · promoters 0.00% · institutions 0.00% · other public 12.89%

  6. Approval of Material Related Party Transaction with M/s. Niraj-Jandu JV, a Joint Venture
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 9.76% · promoters 0.00% · institutions 0.00% · other public 12.89%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Sep 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far. A statement's amounts are left out where the raise it states and its own uses differ by fifty times or more, a figure typed at the wrong scale.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Preferential IssuesOct 2024, checked by CARE Ratings Limited–Working Capital Requirements––No
Preferential IssuesOct 2024, checked by CARE Ratings Limited–To meet investment in subsidiary to mitigate any business prospects––No
Preferential IssuesOct 2024, checked by CARE Ratings Limited–General Corporate Purposes––No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.