SHOORA DESIGNS LIMITED has confirmed no deviation in the utilization of funds raised through a preferential warrant issue, which were later converted into equity shares.

The company raised Rs. 16.56 Cr by allotting 3.125 million warrants at Rs. 53 each.

These funds were allocated towards expansion plans, working capital needs (Rs. 12.42 Cr), and general corporate purposes (Rs. 4.14 Cr). The Audit Committee reviewed the utilization for the half-year period and found no variances, ensuring transparency for shareholders regarding the capital deployment.