BSECompany Update4d ago · 5 Nov 2026, 07:13 pm
Statement of Deviation/ Variation in utilization of funds raised through preferential issue of convertible equity warrants, for the half-year ended 30 September 2026.
B.R.Goyal Infrastructure Ltd · 544335
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B.R.Goyal Infrastructure Ltd submitted a statement of deviation/varation in utilization of funds raised through preferential issue of convertible equity warrants for the half-year ended 30 September 2026. The company received ₹327.25 Lakh out of the total issue size of ₹1309.00 Lakh and has utilized the funds fully.
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B.R.Goyal Infrastructure Ltd - 544335 - Statement Of Deviation Or Variation In Utilization Of Funds Raised Through Preferential Issue Of Convertible Equity Warrants, For The Half-Year Ended 30 September 2026
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B.R.Goyal Infrastructure Limited
CIN: L04520MP2005PLC017479
05 November 2026
The Corporate Relations Department
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai – 400 001
Scrip Code: 544335 | Scrip Symbol: BRGIL | ISIN: INE00ST01011
Subject: Statement of Deviation or Variation in Utilization of Funds raised through preferential
issue of convertible equity warrants, for the half-year ended 30 September 2026.
Reference: Regulation 32(1) of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”)
Dear Sir/ Madam,
Pursuant to Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 as amended from time to time, we are submitting herewith the Statement of Deviation or Variation
for the half-year ended 30 September 2026, duly reviewed by the Audit Committee and taken on records
by the Board of Directors at their respective meetings held on Thursday, 05 November 2026.
The details of utilization and deviation/variation are enclosed herewith.
Kindly take the same on your record.
Yours faithfully,
For, B.R.Goyal Infrastructure Limited
Ritika Jhala
Company Secretary and Compliance Officer
M. No.: A73846
Encl.: As above
Regd. Off.: 3-A, Agrawal Nagar, Indore – 452 001, Madhya Pradesh, INDIA
Tel.: (+91-731) 2403831 | Email: enquiry@brginfra.com | Website: www.brginfra.com
B.R.Goyal Infrastructure Limited
CIN: L04520MP2005PLC017479
STATEMENT OF DEVIATION(S) / VARIATION(S) IN UTILISATION OF FUNDS RAISED THROUGH
PREFERENTIAL ALLOTMENT, FOR THE HALF-YEAR ENDED 30 SEPTEMBER 2026
Name of Listed Entity B.R.Goyal Infrastructure Limited
Preferential Issue of 11,00,000 Convertible Warrants each
convertible into one Equity Share of face value ₹10/- (Rupees
Mode of Fund Raising
Ten only) each, at an exercise price of ₹119/- (Rupees One
Hundred Nineteen only) per Warrant
Date of Raising Funds 12 August 2026
Amount Raised ₹327.25 Lakh out of the total issue size of ₹1309.00 Lakh
Report filed for period ended 30 September 2026
Monitoring Agency Not Applicable
Monitoring Agency Name, if Applicable Not Applicable
ls there a Deviation/ Variation in use of
funds raised
lf yes, whether the same is pursuant to
change in terms of a contract or objects, Not Applicable
which was approved by the shareholders
lf yes, Date of Shareholder Approval Not Applicable
Explanation for the Deviation/Variation Not Applicable
Comments of the Audit Committee after
None
review
Comments of the auditors, if any None
Objects for which funds have been raised and where there has been a deviation, in the following table:
Amount in ₹ Lakhs
Amount of
Modifie Modifie Deviation /
Rema
d Original d Funds Variation for the
Original Object rks, if
Object, Allocation Allocatio utilized quarter according
if any n, if any to applicable
object
To meet the Not Not
Working Capital Applicab 1309.00^ Applicab 327.25^ No deviation -
requirements le le
Total 1309.00^ - 327.25^ -
Deviation or Variation could mean:
(a) Deviation in the objects or purpose for which the funds have been raised or
(b) Deviation in amount of funds actually utilized as against what was originally disclosed or
(c) Change in terms of a contract referred to in the fund-raising document i.e. prospectus, letter of
offer, etc.
^As on 30 September 2026, the Company has received 25% of the issue size, aggregating to ₹327.25 Lakh,
as upfront consideration/subscription amount calculated at ₹29.75 per warrant for 11,00,000 warrants.
The balance 75% of the issue size, amounting to ₹981.75 Lakh (i.e. ₹89.25 per warrant), shall be received
Regd. Off.: 3-A, Agrawal Nagar, Indore – 452 001, Madhya Pradesh, INDIA
Tel.: (+91-731) 2403831 | Email: enquiry@brginfra.com | Website: www.brginfra.com
B.R.Goyal Infrastructure Limited
CIN: L04520MP2005PLC017479
upon exercise of the conversion option by the warrant holders for conversion of warrants into equity
shares, within a period of 18 months from the date of allotment of warrant. As on 30 September 2026, the
total amount of ₹327.25 Lakh received has been fully utilized by the Company.
For, B.R.Goyal Infrastructure Limited
Dasharath Tomar
Chief Financial Officer
Regd. Off.: 3-A, Agrawal Nagar, Indore – 452 001, Madhya Pradesh, INDIA
Tel.: (+91-731) 2403831 | Email: enquiry@brginfra.com | Website: www.brginfra.com