K.P. Energy Limited — Others, 06-02-2025: Statement of deviation(s) or variation(s) under Reg. 32
06-02-2025 | 07:35 pm
06-02-2025 | 07:35 pm
K.P. Energy Limited has confirmed that for the quarter ended December 31, 2024, there was no deviation in the utilization of proceeds from the issuance of Convertible Warrants, in line with the objectives stated during the Extraordinary General Meeting held on July 31, 2024. The company raised a total of ₹328.37 crore via a preferential issue, with 25% of the funds received by the end of the quarter amounting to ₹7.09 crore. This stability in fund utilization may enhance investor confidence, signaling sound governance and adherence to strategic financial planning, while potentially offering a positive outlook for shareholders.
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