Expo Gas Containers Ltd — Updates, 29-05-2025: Company Update

Expo Gas Containers Limited has confirmed there is no deviation or variation in the use of Rs. 7.52 Cr raised through a preferential issue of 37.6 lakh equity shares at Rs. 20 per share. The funds were allocated as planned: Rs. 2.5 Cr for funding capital expenditure, Rs. 4 Cr to augment working capital, and Rs. 1.02 Cr for general corporate purposes. The audit committee reviewed and noted adherence to the intended utilization, ensuring transparency and alignment with the company's growth and operational needs. This reassures investors about disciplined capital management.