Saptak Chem And Business Ltd — Important, 14-05-2026: Company Update

Saptak Chem and Business Limited confirmed no deviation in the utilization of proceeds from its preferential issue of 40 lakh convertible warrants. The company has received 25% of the total consideration, amounting to ₹1.05 Cr, from a total issue size of ₹4.20 Cr. These funds are being utilized as per the original objectives, primarily for meeting working capital requirements and providing margin for bank guarantees. This transparency in fund deployment, reviewed by the Audit Committee, ensures investor confidence in the company's financial management.