Expo Engineering: No Deviation in Preferential Issue Fund Utilization

Expo Engineering and Projects Ltd. has filed its quarterly statement for the period ended September 30, 2026, confirming no deviation or variation in the utilization of funds raised through a preferential issue of convertible warrants. The company raised ₹22,02,00,050 (Rupees Twenty-Two Crore Two Lakh Fifty Only) via this issue. During the quarter, ₹5,50,50,012.5 (Five Crore Fifty Lakh Fifty thousand twelve only) was received as upfront consideration. The filing also details the conversion of warrants into equity shares by several individuals and entities, including Murtuza S Mewawala and Hasanain S. Mewawala. The Audit Committee has reviewed and noted that the funds were utilized as per the original objects, with no modifications to the project.