No deviation or variation in use of preferential issue proceeds for quarter ended 30 September 2026
Vintage Coffee and Beverages has informed the exchanges that the money raised through its preferential issue was used exactly as planned in the quarter ended 30 September 2026.
By ScoutQuest · · 2 min read
- Amount raised (preferential issue)
- Rs. 744.00 lakh, on 07-07-2026
- Working capital allocated/ utilised
- Rs. 558.00 lakh allocated, Rs. 558.00 lakh utilised
- General corporate purposes allocated/ utilised
- Rs. 186.00 lakh allocated, Rs. 186.00 lakh utilised
What the company has reported
Vintage Coffee and Beverages has shared its quarterly statement on the use of money raised through a preferential issue, for the quarter ended 30 September 2026. The company states that there is no deviation or variation in the use of these proceeds.
- Amount raised: Rs. 744.00 lakh
- Date of raising funds: 07-07-2026
- Monitoring agency: Infomerics Valuation and Rating Limited
- Deviation or variation for the quarter: No
Where the money went
The update sets out two original objects, and shows how much was allocated against each and how much was actually used.
- Working capital requirements for ongoing and future projects of the company and its wholly owned subsidiary: original allocation Rs. 558.00 lakh, funds utilised Rs. 558.00 lakh, deviation 0
- General corporate purposes of the company: original allocation Rs. 186.00 lakh, funds utilised Rs. 186.00 lakh, deviation 0
Together the two objects add up to Rs. 744.00 lakh, the full amount raised, and both are shown as fully utilised with no modified allocation.
Why this matters
A preferential issue is money raised by issuing shares to a select set of investors. Companies that raise funds this way have to report every quarter whether the money is being used for the purposes they promised. A "no deviation" statement means, on the company's own reporting, the funds have gone where they were meant to go.
The update also records that the Audit Committee reviewed the statement, and that there are no comments from the Audit Committee or the auditors on any deviation. A monitoring agency is in place for the issue.
What to keep in mind
This is a routine quarterly disclosure about the use of past fundraising, not a new fundraise or a new business announcement. It tells you the money raised in July 2026 has been deployed against the stated objects, but it does not on its own say anything about the returns from that spending.
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Audio recording of 4 Nov 2026 earnings call on Q2/H1 FY2026 results now on company website
4 Nov 2026
Vintage Coffee & Beverages Q2 FY27: revenue up 64.4% YoY, 100% capacity utilisation, freeze-dried plant guided for H1 FY28
4 Nov 2026
Vintage Coffee and Beverages completes merger with two subsidiaries, secures TGIIC land for 5,500 MTPA freeze-dried coffee plant
4 Nov 2026
More numbers
- Amount raised through preferential issue744.00 (in Lakhs)
- Original allocation - working capital requirements558.00 (in Lakhs)
- Funds utilised - working capital requirements558.00 (in Lakhs)
- Original allocation - general corporate purposes186.00 (in Lakhs)
- Funds utilised - general corporate purposes186.00 (in Lakhs)
- Deviation/variation for the quarter - working capital object0
- Deviation/variation for the quarter - general corporate purposes0
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