Corporate Governance5 Nov 2026, 04:21 pm
Continental Chemicals: No Deviation in Preferential Issue Fund Use
AI Summary
Continental Chemicals Ltd has filed a Statement of Deviation and Variation in Utilization of Funds raised through a Preferential Issue. The company raised ₹1,62,50,000 on 14/10/2019. For the quarter ended 30/09/2026, the company reported no deviation or variation in the use of these funds. The funds were originally allocated for working capital and have been fully utilized as per the original object. The Audit Committee has reviewed and approved the statement, and no comments were provided by the auditors.
Key Highlights
- No deviation reported in the utilization of funds from preferential issue.
- Funds raised were ₹1,62,50,000 on October 14, 2019.
- Original object was working capital, and funds are fully utilized.
- Statement covers the quarter ended September 30, 2026.
- Audit Committee has reviewed and approved the utilization.
Price Impact
More from CONTCHM