Regulatory13 Aug 2026, 06:33 pm
Cranex Ltd: No Deviation in Fund Utilization for Q1 FY27
AI Summary
Cranex Ltd has submitted its Statement of Deviation or Variation for the quarter ended June 30, 2026. The company confirms that there has been no deviation or variation in the utilization of funds raised through the conversion of convertible warrants. The funds were raised for business expansion, working capital, and general corporate purposes, and their utilization aligns with the original objects. The total original allocation was ₹859.25 Lakhs, with the same amount utilized during the quarter.
Key Highlights
- Cranex Ltd reports no deviation in fund utilization for Q1 FY27.
- Funds were raised via conversion of convertible warrants.
- Utilization aligned with business expansion and working capital needs.
- Total funds raised and utilized amount to ₹859.25 Lakhs.
- The statement is filed as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Price Impact
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