Shree Pushkar Reports No Deviation in Preferential Issue Funds for Q4 FY26
Shree Pushkar Chemicals & Fertilisers Limited reports no deviation in the use of funds from its Preferential Issue of Fully Convertible Warrants for the quarter ended March 31, 2026. The total issue size was ₹29.99 crore, with ₹7.50 crore received as of March 31, 2026.
This is a standard compliance filing confirming that funds raised were used as intended, with no significant new information or change in strategy impacting the company's operations or financials.
The announcement is a routine regulatory filing confirming no deviation in fund utilization, which is a neutral event.
Shree Pushkar Chemicals & Fertilisers Limited has confirmed that there has been no deviation or variation in the utilization of funds raised through a Preferential Issue of Fully Convertible Warrants for the quarter and year ended March 31, 2026. This confirmation is in accordance with SEBI regulations.
The funds were initially raised through a preferential issue of warrants, with a total issue size of ₹29,99,99,870 (Rupees Twenty-Nine Crores Ninety-Nine Lakhs Ninety-Nine Thousand Eight Hundred and Seventy Only). As of March 31, 2026, the company had received ₹7,49,99,968, which represents 25% of the issue size as the stipulated subscription amount. The remaining 75% is expected to be received upon the warrant holders exercising their conversion option within the 18-month tenure.
The original object for which the funds were raised was for investment in Madhya Bharat Phosphate Private Limited, a material wholly-owned subsidiary, for capital expenditure related to complex fertilisers and expansion of its unit in Meghnagar, Jhabua, Madhya Pradesh. This object is also intended to include Kisan Phosphates Private Limited if the proposed amalgamation is approved by the National Company Law Tribunal. The statement confirms that ₹7,49,99,968 has been utilized as of March 31, 2026, with no deviation or variation reported for the quarter.
What to do with a filing like this
Shree Pushkar Chemicals & Fertilisers Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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