Sunshield Chemicals Ltd — Important, 03-02-2026: Company Update

Sunshield Chemicals Limited's monitoring agency, ICRA Limited, has confirmed the full utilization of funds from its recent Rights Issue. Net proceeds of 128.530 Crore were deployed as outlined in the offer document, with 97.640 Crore allocated to repay borrowings and 30.890 Crore for General Corporate Purposes, primarily creditor repayments. The report indicates no material deviation from the issue's stated objectives, ensuring transparency for shareholders regarding fund deployment.