Shree Pushkar Chemicals & Fertilisers Confirms No Deviation in Use of Funds Raised Through Preferential Issue of Fully Convertible Warrants

Shree Pushkar Chemicals & Fertilisers Ltd. has confirmed that during the quarter ended 31st December, 2025, there is no deviation or variation in the use of funds raised through Preferential Issue of Fully Convertible Warrants. The company raised Rs. 29,99,99,870 through this issue, out of which Rs. 7,49,99,968 has been received as of 31st December, 2025. The remaining 75% of the issue size will be received as and when the conversion option is exercised by the warrant holder. The funds have been raised for investment in a wholly owned subsidiary, Madhya Bharat Twenty Nine Phosphate Private Crores Ninety Limited, for a capital expenditure for Complex Fertilisers and further expansion of unit at Meghnagar, Jhabua, Madhya Pradesh.