Vipul Organics: No Deviation in Preferential Issue Fund Use

Vipul Organics Limited has filed a statement regarding the utilization of funds raised through a Preferential Issue of Equity Shares for the quarter and half-year ended September 30, 2026. The company raised ₹27,54,39,400/- through this issue. The statement confirms there has been no deviation or variation in the utilization of these funds from the originally approved objects. Funds were allocated for the upgradation and expansion of manufacturing facilities, reduction of long-term debts, and general corporate purposes. The total issue size was initially approved at ₹35,23,70,000 but was reduced to ₹27,54,39,400 due to non-participation by some allottees. The company assures that there is no change in the objects of the issue or other terms approved by shareholders.