Cosmic CRF Ltd — Updates, 23-05-2025: Company Update

Cosmic CRF Limited has announced a board meeting on the financial results for the quarter and half-year. The company reported no deviations in the utilization of funds raised through its IPO and preferential issues. IPO proceeds of ₹57.21 Cr were used as planned, including funding manufacturing expansion, working capital, and loan repayments. Preferential issue proceeds of ₹84.98 Cr and ₹172.44 Cr (including share warrants) were also deployed as intended, supporting acquisitions, capex, debt repayment, and general corporate purposes. A portion of recent preferential issue funds is held in fixed deposits and current accounts, with no variations noted.