Morepen Laboratories Ltd

📊 Morepen Labs Confirms QIP Funds Usage as Planned – No Deviations Reported

- Morepen Laboratories raised INR 1,99,99,99,960.67 (approx. ₹200 crore) through a Qualified Institutional Placement (QIP).

- Funds were received and shares allotted on August 5, 2024, and listed on August 6, 2024.

- No deviation or variation in the use of proceeds for the quarter ended December 31, 2024.

- No shareholder approval was required as there were no changes to fund utilization terms.