Cosmic CRF Ltd — Important, 05-11-2025: Company Update
05-11-2025 | 08:53 pm
05-11-2025 | 08:53 pm
Cosmic CRF Limited has confirmed no deviation in the use of proceeds from its preferential issue of equity shares and convertible share warrants for the half-year ending September 30. The company received 172.44 Cr in net proceeds, lower than the original plan due to fewer equity shares issued and partial warrant receipts. Of these proceeds, 61.14 Cr has been utilized for capital expenditure and investments in subsidiaries. An additional 0.03 Cr is in fixed deposits, and 1.30 Cr remains in a dedicated current account. This update confirms adherence to the stated objectives for the preferential issue funds.
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