Rishi Laser Limited has confirmed no deviation in the utilization of funds from its preferential issue of convertible warrants.

The company raised 12 Cr through this issue, having received 3 Cr (25%) upfront from warrant subscriptions.

This 3 Cr has been fully utilized for working capital requirements and general corporate purposes, aligning with the initial stated objects.

The Audit Committee reviewed and the Board took on record that there are no variations.

This update assures investors that the capital is being deployed exactly as planned.