LORDSCHLO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lords Chloro Alkali Limited has filed a statement confirming that there is no deviation or variation in the utilisation of proceeds raised through a preferential issue. The company raised Rs. 32.02 crore during Q4 FY26 (January-March 2026) from the conversion of 35 lakh convertible warrants into equity shares at Rs. 122 per share. The funds were allocated for capital expenditure (Rs. 22.70 crore), working capital (Rs. 10 crore), and general corporate purposes (Rs. 10 crore). The company utilized Rs. 27.46 crore on capital expenditure, Rs. 4.56 crore on working capital, with the remaining spent on general corporate purposes. Total utilization matches the Rs. 32.02 crore raised. Additionally, interest income of Rs. 0.05 crore earned on these funds was also deployed towards the approved objects. The Audit Committee reviewed and noted this statement on 28th May 2026.
For shareholders, this is a positive indicator that the company is deploying funds as committed to shareholders in the July 2024 general meeting. The capital expenditure spending exceeding allocation suggests active investment in the company's growth, though working capital utilization being below allocation is notable.