Regulatory2 Nov 2026, 07:21 pm
Pro Clb Global: Deviation in Preferential Issue Fund Utilization
AI Summary
Pro Clb Global Limited has filed a statement of deviation in the utilization of funds raised via Preferential Allotment of Convertible Warrants. The company raised ₹1227.17 Lakhs (₹12.27 Crore) on September 16, 2026. For the quarter ended September 30, 2026, ₹1141.31 Lakhs (₹11.41 Crore) was utilized for General Corporate Purposes, Investment, and Fund Raising Expenses. The remaining ₹85.86 Lakhs (₹0.86 Crore) lies in a special account. The company also noted that a portion of the preferential issue is yet to be raised and will submit a statement for the balance amount later.
Key Highlights
- Deviation reported in utilization of funds from preferential issue.
- ₹1227.17 Lakhs raised via convertible warrants.
- ₹1141.31 Lakhs utilized for general corporate purposes, investment, and expenses.
- ₹85.86 Lakhs remains in a special account.
- Further funds from the preferential issue are yet to be raised.
Price Impact
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