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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Continental Chemicals Limited has filed a statement confirming there is NO deviation or variation in the utilization of funds raised through preferential issue. The company raised ₹1,62,50,000 (1.625 crore) via preferential issue on 14/10/2019 for working capital purposes. According to the filing, the funds have been fully utilized (completed in Q4 2023). This is a routine regulatory compliance filing under SEBI (LODR) Regulation 32. The Audit Committee has reviewed and approved the utilization report with no exceptions noted.
Positive signal for shareholders as the filing confirms funds were used as intended for working capital with full utilization and no deviation, indicating proper corporate governance and compliance.