Quarterly Updates30 May 2026, 08:02 pm
Clenon Enterprises: No Deviation in Preferential Issue
AI Summary
Clenon Enterprises Ltd reported no deviation or variation in the utilization of funds raised through a preferential issue of equity shares for the quarter and year ended March 31, 2026. The funds, amounting to ₹2,32,50,000, were allocated for business expansion, including working capital and general corporate purposes, as originally planned. The audit committee has reviewed and confirmed the proper utilization of funds.
Key Highlights
- Clenon Enterprises confirms no deviation in use of preferential issue funds.
- ₹2.325 Crore was raised through preferential issue on December 30, 2025.
- Funds utilized for business expansion, working capital, and corporate purposes.
- Audit Committee confirms proper utilization of funds raised.
- Report pertains to the quarter and year ended March 31, 2026.
Price Impact
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