Quarterly Updates11 May 2026, 02:38 pm
Expo Engineering: No Deviation in Preferential Issue Funds
AI Summary
Expo Engineering And Projects Ltd reports no deviation or variation in the utilization of proceeds raised through a preferential issue of convertible warrants for the quarter ended March 31, 2026. The funds were raised on September 26, 2025, with ₹5,50,50012.5 received as upfront consideration. The audit committee confirmed no deviation in the use of funds, which were allocated for working capital (₹3.82 Crore) and general corporate purposes (₹0.87 Crore).
Key Highlights
- No deviation in the use of funds raised through preferential issue.
- Funds allocated for working capital and general corporate purposes.
- Audit committee review confirms no variation in fund utilization.
- No proceeds received during the quarter for warrant conversion.
Price Impact
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