StockWatch
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Iron & Steel Products
Regulatory26 May 2026, 06:51 pm

Cosmic CRF: No Deviation in Preferential Issue-II Utilization

AI Summary

Cosmic CRF Ltd. reports no deviation or variation in the utilization of proceeds from its Preferential Issue - II of Equity Shares and Convertible Share Warrants for the half year and financial year ended March 31, 2026. The Audit Committee reviewed and the Board took the statement on record during their meetings on May 25, 2026. The total amount raised was ₹17,469.02 Lakhs, with ₹7,431.24 Lakhs utilized for Capex and investments, and the remainder held in fixed deposits and current accounts.

Key Highlights

  • No deviation in utilization of Preferential Issue-II proceeds.
  • ₹17,469.02 Lakhs total proceeds from Preferential Issue and Share Warrants.
  • ₹7,431.24 Lakhs utilized for Capex and investments in subsidiaries.
  • Audit Committee reviewed and Board approved the statement on May 25, 2026.