StockWatch
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Non Banking Financial Company (NBFC)
Regulatory29 May 2026, 03:28 am

Epic Energy: No Deviation in ₹4.75 Cr Preferential Issue Fund Use

AI Summary

Epic Energy Limited has confirmed no deviation in the utilization of funds raised through a preferential issue of convertible warrants. The company raised ₹4.75 crore on March 24, 2026, and the entire amount was fully utilized for the stated objects, including Capex, project expansion, working capital, and general corporate purposes, by March 31, 2026. This statement of deviation or variation, pursuant to Regulation 32 of SEBI (LODR) Regulations, 2015, was reviewed and approved by the Audit Committee on May 28, 2026.

Key Highlights

  • Epic Energy confirmed no deviation in fund utilization for preferential issue.
  • ₹4.75 crore raised via preferential issue of warrants on March 24, 2026.
  • All funds fully utilized for stated objects by March 31, 2026.
  • Funds used for Capex, project expansion, working capital, and general corporate.