
Corporate Governance14 Aug 2026, 06:11 pm
CCME Global: No Deviation in Fund Utilization for Q1 FY27
AI Summary
CCME Global Limited (formerly Genesis IBRC India Limited) has reported that there is no deviation in the utilization of funds raised through a preferential issue on March 26, 2026. The total amount raised was ₹32,25,00,000. For the quarter ended June 30, 2026, the company utilized funds for expansion of new business, working capital for new business, strategic investment, and general corporate purposes, with no adverse comments from the Audit Committee or Auditors. The Board also approved the Unaudited Financial Results for the quarter and the appointment of M/s G J M S & Associates LLP as Internal Auditors for FY 2026-2027.
Key Highlights
- No deviation in fund utilization for preferential issue proceeds.
- Funds were used for business expansion, working capital, and investments.
- Unaudited financial results for Q1 FY27 approved.
- Internal auditors appointed for FY 2026-2027.
- No adverse comments from Audit Committee or Auditors.
Price Impact
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