Interactive Financial Services Limited has announced a confirmation that there is no deviation in the use of proceeds from its Right Issue totaling Rs. 11.5 Cr.

Funds raised have been utilized primarily for increasing the company’s net worth (Rs. 5.955 Cr), general corporate purposes (Rs. 2.5 Cr), setting up office space (Rs. 0.145 Cr), and issue-related expenses (Rs. 1.068 Cr). The Audit Committee reviewed and validated the proper allocation of funds, supported by a statutory auditor’s certificate.

This ensures transparency and adherence to the intended capital deployment, reinforcing shareholder confidence in fund utilization.