Vipul Organics Ltd — Important, 22-12-2025: Company Update
22-12-2025 | 06:51 pm
22-12-2025 | 06:51 pm
Vipul Organics Limited has revised the planned utilization of proceeds from its preferential equity share issue. Due to non-participation by some allottees, the total amount to be utilized has decreased from Rs 35.24 Cr to Rs 27.54 Cr. Funds allocated for manufacturing facility upgrades and expansion are now Rs 10.66 Cr, down from Rs 16.44 Cr. General corporate purposes will receive Rs 6.88 Cr, reduced from Rs 8.80 Cr. The allocation of Rs 10 Cr for long-term debt reduction remains unchanged. The company confirmed that the original objects and terms of the issue remain the same. This adjustment impacts the scale of planned investments and debt reduction.
No comments yet. Be the first to comment!
