Statement of Deviation or Variation in Utilization of proceeds from preferential issue of equity shares for the quarter ended December 31, 2025
Awaiting price reaction for this filing.
Clenon Enterprises Ltd has submitted a quarterly statement covering the utilization of Rs. 2.325 crore raised via a preferential issue of equity shares on 30th December 2025. The funds were earmarked for business expansion, working capital, and general corporate purposes. As of the quarter ending 31st December 2025, the entire Rs. 2.325 crore remains unutilized, as the issue was completed right at quarter-end. The Audit Committee has reviewed the statement and confirmed there is no deviation or variation from the originally stated purpose of the funds.
This is a routine compliance filing with no negative implications for shareholders, as there is no misuse or diversion of funds. Investors should track how the company deploys this Rs. 2.325 crore in the next quarter to meet its stated business expansion and working capital goals.