Regulatory2 Jun 2026, 10:21 pm
Axel Polymers: No Deviation in Preferential Issue Fund Use Q4 FY26
AI Summary
Axel Polymers Ltd has filed its quarterly statement on the utilization of funds raised through a preferential issue. For the quarter ended March 31, 2026, the company reported no deviations or variations in the use of the Rs. 11.18 crore raised. The funds were allocated to working capital requirements and capital expenditure, with full utilization reported as per the original allocation. This filing confirms adherence to SEBI (LODR) Regulations, 2015.
Key Highlights
- No deviation in preferential issue fund utilization for Q4 FY26.
- Rs. 11.18 crore raised via preferential issue fully utilized.
- Funds allocated to working capital and capital expenditure.
- Confirms compliance with SEBI LODR Regulations.
- No changes in the original objects of the fund raise.
Price Impact
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