Cranex Limited has officially confirmed that there were no deviations or variations in the utilization of funds raised through the conversion of convertible warrants for the quarter ended June 30, 2026. The company provided this statement in compliance with SEBI regulations, assuring stakeholders of proper fund management and adherence to original disclosures.
Confirmation of Fund Utilization
Cranex Limited has issued a formal statement confirming the absence of any deviation or variation in the utilization of funds that were raised through the conversion of convertible warrants. This declaration pertains to the financial quarter that concluded on June 30, 2026.
Regulatory Compliance
The company’s submission aligns with the requirements stipulated under Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. This regulatory framework, along with the SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019, mandates such disclosures to ensure transparency in the use of raised capital. Cranex Limited has provided this statement to the BSE Limited for the record.
Details of Funds Raised
The funds in question were raised on April 24, 2026, totaling Rs. 11,09,25,000/-. The report confirms that the utilization of these funds for the designated purposes, including business expansion, working capital requirements, and general corporate purposes, remained consistent with the original allocations and disclosures. The original and modified allocations, along with the utilized amounts, show no discrepancies for the quarter ending June 30, 2026.
Source: BSE
