Statement of Deviation or Variation in Utilization of proceeds from preferential issue of equity shares for the quarter and year ended March 31, 2026
Awaiting price reaction for this filing.
Clenon Enterprises Limited has filed a routine compliance statement confirming no deviation in the utilization of Rs. 2.32 crore raised through a preferential issue of equity shares. The funds were raised on 30th December 2025 and the full amount has been utilized for the stated objects: business expansion including working capital and general corporate purposes. The Audit Committee reviewed and confirmed that funds were used as originally intended with no variation. This is a standard regulatory filing under SEBI LODR Regulation 32.
No immediate impact on shareholders as the company has confirmed proper utilization of funds as per the original purpose. The filing is routine and shows good governance compliance.