Regulatory30 May 2026, 04:22 pm
Chemtech: No Deviation in Funds Raised via Warrant Conversion
AI Summary
Chemtech Industrial Valves Ltd declared no deviation from the stated purpose in the offer document for funds raised through the conversion of warrants into equity shares for the quarter ended March 31, 2026. The proceeds, amounting to ₹7.50 crore, were used as intended, with no material deviations. This statement was reviewed and noted by the Audit Committee on May 30, 2026. The funds were raised on March 27, 2026, via preferential issue.
Key Highlights
- Chemtech confirms no deviation in use of ₹7.50 Cr raised from warrant conversion.
- Funds utilized as per offer document for quarter ended March 31, 2026.
- Audit Committee reviewed and noted the statement on May 30, 2026.
- Funds raised via preferential issue on March 27, 2026.
Price Impact
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