Clenon Enterprises Ltd — Important, 30-05-2026: Company Update

Clenon Enterprises Limited has provided an update on the utilization of funds from its preferential issue of equity shares. The company raised Rs. 2.325 Cr, which was earmarked for business expansion, working capital, and general corporate purposes. The company has confirmed there is no deviation or variation in how these funds were used. The entire allocated amount of Rs. 2.32 Cr has been fully utilized as intended for the stated objectives, a fact also noted by the Audit Committee. This indicates transparent and aligned fund usage.