attached herewith statemnent for the fund received on 03.05.2025 from conversion of warrant.
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Awaiting price reaction for this filing.
Captain Polyplast Ltd has filed a quarterly compliance statement confirming that there is no deviation or variation in the use of funds raised from its preferential issue. Out of the 48,00,000 fully convertible warrants issued, 21,30,000 warrants were converted into equity shares on 3rd May 2025, raising Rs. 11.50 crore (Rs. 11,50,20,000). The entire amount has been utilized towards the stated purpose of meeting working capital requirements and general corporate purposes, in line with what was approved by shareholders at the EGM held on 1st January 2025. The statement was reviewed and approved by the Audit Committee on 10th May 2025. No monitoring agency was appointed, as is permitted for issues below the applicable threshold.
This is a routine compliance filing that signals good corporate governance and fund-utilization discipline, as the company is using the raised capital exactly as promised to shareholders with no diversions. It is unlikely to have any material impact on the stock price, but reinforces transparency for retail investors.