Salasar Techno Engineering Ltd

Salasar Techno Engineering Fully Utilizes ₹255.67 Cr Funds with 12% Shortfall ⚖️

• Preferential issue totaled ₹290.77 Cr (equity: ₹166.67 Cr, warrants: ₹124.10 Cr) from April 2024 to October 2025

• 12% shortfall (₹11.70 Cr) due to non-exercise of warrants by non-promoter investors as share price remained below exercise price

• All raised funds (₹255.67 Cr) fully utilized by Q3 FY26 with no unutilized proceeds remaining

• Utilization: ₹76.19 Cr for working capital requirements, ₹179.27 Cr for financing acquisitions

• No funds used for capital expenditure or issue-related expenses during the quarter

• Directorate of Enforcement conducted search operation on April 16, 2025 at premises of key management personnel

• No material deviations from offer document in fund utilization; all government/statutory approvals obtained