Vipul Organics Ltd — Important, 13-02-2026: Company Update
13-02-2026 | 01:43 pm
13-02-2026 | 01:43 pm
Vipul Organics has issued an update on the utilization of funds raised through a preferential issue. The company confirmed that the 27.54 Cr raised, from an original target of 35.24 Cr, has not yet been utilized for its stated objectives. These objectives include upgrading manufacturing facilities, reducing long-term debts, and general corporate purposes. The funds are currently held in a fixed deposit. The company assures stakeholders that there has been no deviation from the approved use of proceeds or the terms of the issue, maintaining transparency on capital management.
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