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Awaiting price reaction for this filing.
Continental Chemicals Ltd has submitted a compliance statement to BSE confirming that the Rs. 1.625 crore raised through a Preferential Issue on 14 October 2019 has been fully utilized for working capital purposes, with no deviation or variation from the original objects. The funds were completely used up by the quarter ending 31 December 2023, and the Audit Committee has reviewed and approved the statement. This is a routine regulatory filing under SEBI's LODR Regulations for the quarter ending 31 December 2025, and no monitoring agency was applicable for this fund raise.
This is a routine compliance filing with no material impact on shareholders. The fact that funds have been fully utilized as originally intended (working capital) and there is no deviation reinforces that the company used the 2019 preferential issue proceeds responsibly. Investors should note this is a delayed confirmation of old fund usage rather than any new corporate action.