Cressanda Railway Solutions Ltd — Important, 11-02-2026: Company Update

Cressanda Railway Solutions reported no deviation in the utilization of funds raised through its Rights Issue and subsequent conversion of partly paid shares. For the quarter and nine months ended December 31, 2025, the company confirmed that Rs. 24.65 Cr from the Rights Issue of 2,46,49,206 shares and Rs. 16.41 Cr from the conversion of 1,64,11,825 partly paid shares were deployed as per the original objectives. These funds were designated for general corporate purposes, working capital requirements, and issue expenses, aligning with initial plans.