Salasar Techno Engineering Ltd

📊 Salasar Techno Engineering: No Deviation in Use of Proceeds for Q4 2025

- Preferential issue raised ₹255.67 crores on April 30, 2024, through 11,57,43,890 equity shares and 8,61,80,000 convertible warrants at ₹14.40 each.

- Funds allocated: ₹7.77 crore for issue expenses (₹0.21 crore utilized), ₹178 crore for financing acquisition (₹179.27 crore utilized, including EMD and interest), ₹95 crore for working capital (₹76.19 crore utilized), and ₹10 crore for capital expenditure (not utilized).

- Shareholders initially approved ₹806.04 crore, but only ₹290.77 crore was issued; total funds received were ₹255.67 crore, fully utilized as per issue objects.

- Timeline for issue expenses extended to December 2025; warrants from non-promoters were not converted due to low share price.