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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Cargotrans Maritime Limited has filed a compliance statement confirming there is no deviation or variation in the use of funds raised through a preferential equity issue on 8 January 2025. The company raised Rs. 4.92 crore, and the entire amount has been utilised as originally planned — to invest or advance to a foreign subsidiary company for business purposes. The Audit Committee reviewed the statement on 28 May 2025 and had no comments, and the auditors also raised no comments. No monitoring agency was required for this issue, and the full Rs. 4.92 crore was deployed within the original allocation with no changes to objects or terms.
This is a routine SEBI compliance filing with no material impact on shareholders — it simply confirms the company used the raised funds exactly as promised. It signals good governance and fund-deployment discipline, though the amount is small (Rs. 4.92 Cr) and unlikely to move the stock.