Neptune Petrochemicals Limited — Others, 08-08-2025: Copy of Newspaper Publication

Neptune Petrochemicals has announced a key change to its IPO prospectus regarding the utilization of funds. The company's board proposed to alter the objective of funding capital expenditure for office space. Instead of the previously allocated approximately 14.75 Cr for an office, they now plan to acquire an alternative office premises for approximately 10.50 Cr. The remaining approximately 4.25 Cr will be reallocated to working capital. This strategic shift is due to identifying a more cost-effective property that better suits operational needs, expected to improve cash flow. Shareholders will vote on this special resolution at an upcoming extraordinary general meeting.