Cressanda Railway Solutions Ltd: No Deviations in Rights Issue and Conversion of Equity Shares

Cressanda Railway Solutions Ltd has submitted a statement of deviation or variation for the quarter and nine months ended December 31, 2025. The company raised funds through a rights issue of 2,46,49,206 partly paid-up equity shares and the conversion of 1,64,11,825 partly paid-up equity shares into fully-paid up equity shares. The company confirms that there were no deviations or variations in the utilization of proceeds from the rights issue and conversion. The funds were used for general corporate purposes, working capital requirements, and issue expenses.