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Awaiting price reaction for this filing.
Continental Chemicals Ltd has filed a compliance statement with BSE regarding the use of Rs. 1.625 crore raised through a preferential issue in October 2019. The funds were originally meant for working capital needs. The company confirms there has been no deviation or variation in how the money was used, and the audit committee has reviewed and approved the statement. According to a note, the entire amount was fully utilized by the quarter ending December 2023. This filing is essentially a corrected version of one submitted on May 17, 2025, which was accidentally filed without signatures and is now being re-submitted in signed form.
This is a routine SEBI compliance filing under Regulation 32 of the LODR Regulations and does not indicate any change in business fundamentals. There is no material impact on shareholders or the stock price, as no deviation in fund usage has been reported.