StockWatch
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Dyes And Pigments
Regulatory18 May 2026, 09:41 pm

Shree Pushkar: No Deviation in Convertible Warrant Funds

AI Summary

Shree Pushkar Chemicals & Fertilisers Ltd confirms no deviation in the use of funds raised through preferential issue of fully convertible warrants for the quarter and year ended March 31, 2026. The funds were intended for investment in Madhya Bharat Phosphate Private Limited, a subsidiary, for capital expenditure and expansion. As of March 31, 2026, the company received ₹7,49,99,968 (25% of the issue size) with the balance to be received upon warrant conversion.

Key Highlights

  • No deviation/variation in use of funds raised through preferential issue of warrants.
  • Funds allocated for investment in Madhya Bharat Phosphate for expansion.
  • ₹7,49,99,968 received as of March 31, 2026, representing 25% of the issue size.
  • Balance 75% to be received upon warrant conversion within 18 months.