
Regulatory30 May 2026, 01:01 pm
Prospect Consumer: No Deviation in Preferential Issue Proceeds
AI Summary
Prospect Consumer Products Ltd confirms no deviations or variations in the use of proceeds from the preferential issue of equity shares (on conversion of warrants) and warrants for the half year ended March 31, 2026. The funds were raised on October 10, 2025, and December 8, 2025, totaling ₹4,62,59,680. The Audit Committee reviewed and found no issues. The funds were allocated towards long-term growth requirements, capital expenditure, and general corporate purposes, with full utilization according to the applicable objects.
Key Highlights
- No deviation in the use of preferential issue proceeds for H1 FY26.
- ₹4,62,59,680 raised through preferential issue and warrants.
- Funds utilized for long-term growth, capital expenditure, and corporate purposes.
- Audit Committee review found no comments on fund utilization.
Price Impact
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