No deviation in use of preferential issue funds
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Cospower Engineering reported no deviation in using funds from two preferential share issues. It raised Rs 7.59 crore on March 29, 2025 for expansion, working capital and general corporate use. On February 9, 2026, it raised Rs 16.04 crore; Rs 7.07 crore of the Rs 11.27 crore earmarked for capital spending was used, while working capital and general corporate funds were fully used. Monitoring was not applicable.
Proceeds are being used as disclosed, with no stated diversion or change in purpose. This is reassuring, but the filing gives no business guidance.