Shree Pushkar Confirms No Fund Use Deviation for ₹30 Cr Warrant Issue

Shree Pushkar Chemicals & Fertilisers Ltd has confirmed no deviation in the utilization of funds raised through a Preferential Issue of Fully Convertible Warrants. The total issue size was ₹29,99,99,870. As of June 30, 2026, the company received ₹7,49,99,968, representing 25% of the issue size as subscription. The funds were intended for investment in Madhya Bharat Phosphate Private Limited, a wholly-owned subsidiary, for capital expenditure and expansion. The Audit Committee has reviewed the statement and found no deviations.