Clarification23 Sept 2026, 03:49 pm
Sanjivani Paranteral Clarifies Warrant Issue Objects
AI Summary
Sanjivani Paranteral Ltd has provided clarification to BSE regarding the objects of its proposed convertible warrant issuance. The company specified that the funds raised will be utilized for capital expenditure of approximately ₹1.57 Crore for new machinery and utilities, and for working capital requirements of its subsidiary, amounting to ₹9.38 Crore. The total utilization from the warrant issue for these purposes is ₹5.80 Crore, with the balance to be funded by internal accruals. This clarification supports the previously stated broad object of "Future expansion and growth of the Company."
Key Highlights
- Warrant issue proceeds to fund CapEx and subsidiary working capital.
- Capital expenditure estimated at ₹1.57 Crore for machinery.
- Subsidiary working capital requirement is ₹9.38 Crore.
- Total utilization from warrants for these purposes is ₹5.80 Crore.
- Clarification supports previously stated growth and expansion object.
Price Impact
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