Shree Pushkar: No fund use deviation in Q2 FY27
Shree Pushkar Chemicals & Fertilisers Ltd. has confirmed no deviation in the utilization of funds raised through a preferential issue of fully convertible warrants. The filing covers the second quarter and half-year ended September 30, 2026. The total issue size was ₹29,99,99,870 (₹29.99 Crore). As of September 30, 2026, the company had received ₹7,49,99,968 (₹7.50 Crore), representing 25% of the issue size as subscription. The remaining 75% will be received upon conversion of warrants into equity shares within 18 months. The funds are earmarked for investment in its wholly-owned subsidiary, Madhya Bharat Phosphate Private Limited, for capital expenditure on complex fertilizers and expansion at its Meghnagar, Madhya Pradesh unit. The Audit Committee has reviewed and found no issues.
Key Highlights
- No deviation reported in fund utilization for preferential issue.
- ₹7.50 Crore received as subscription out of ₹29.99 Crore issue size.
- Funds allocated for subsidiary investment and complex fertilizer expansion.
- Audit Committee reviewed and approved the fund utilization statement.
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