StockWatch
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Iron & Steel Products
Corporate Governance4 Nov 2026, 07:31 pm

Cosmic CRF Ltd: No Deviation in Preferential Issue Fund Utilization

AI Summary

Cosmic CRF Ltd has filed a statement confirming no deviation or variation in the utilization of proceeds from its Preferential Issue and Convertible Share Warrants, raised on March 10, 2025. The total amount raised was ₹17,243.87 Lakhs (₹172.44 Crore). For the half-year ended September 30, 2026, the company utilized ₹16,821.05 Lakhs (₹168.21 Crore) for Capex and investments in subsidiaries, with the remaining balance kept in fixed deposits and current accounts. The Audit Committee and Board of Directors have reviewed and approved this statement. The total funds raised were ₹321,056.94 Lakhs (₹3,210.57 Crore) after considering warrant conversions and issue expenses.

Key Highlights

  • No deviation reported in utilization of preferential issue proceeds.
  • Funds raised were ₹17,243.87 Lakhs (₹172.44 Crore) in March 2025.
  • ₹16,821.05 Lakhs (₹168.21 Crore) utilized for Capex and subsidiary investments.
  • Remaining funds held in fixed deposits and current accounts.
  • Statement reviewed by Audit Committee and approved by the Board.