We would like to inform your esteemed organization that, pursuant to Regulation 32 (5) of SEBI (LODR) Regulations, 2015, that there is no deviation or variation in the use of proceeds raised ....
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Containe Technologies Limited has confirmed to BSE that there is no deviation or variation in the use of funds raised through its Preferential Issue. The company had raised Rs. 5.26 crore (Rs. 5,26,75,000) on 10th October 2024 for Working Capital Requirement and General Corporate Purpose. The entire amount has been fully utilized as per the originally stated objects. The Audit Committee reviewed the statement on 13th May 2025 and the Statutory Auditor has certified the same, with no comments from either. This is a routine compliance filing for the quarter and half-year ended 31st March 2025 under Regulation 32 of SEBI LODR Regulations.
This is a routine compliance disclosure with no negative implications for shareholders. It confirms that the company has used the Rs. 5.26 crore raised from the preferential issue exactly as promised, which is a neutral-to-slightly positive signal of fund management discipline.