Neptune Petrochemicals Limited — Board Meeting, 06-08-2025: Outcome of Board Meeting

Neptune Petrochemicals has announced key decisions from its recent board meeting. The company plans to revise the use of its IPO funds. Previously, ₹14.75 Cr was earmarked for an office purchase. Now, ₹10.50 Cr will be allocated for an alternative office, including interior work and furniture. The remaining ₹4.25 Cr will be reallocated to working capital. These changes require shareholder approval at an upcoming Extra-Ordinary General Meeting (EGM), for which a draft notice was approved. Nimit B. Shah & Co. has been appointed as the Scrutinizer for the EGM's voting process.