Shree Pushkar confirms preferential issue proceeds for stated objects

Shree Pushkar Chemicals & Fertilisers Limited has issued a certificate confirming the intended use of proceeds from its proposed preferential issue. The company secretary and compliance officer, Pankaj Manjani, stated that funds raised from the preferential issue, approved by shareholders on December 10, 2025, will be utilized solely for the objects specified in the extra ordinary general meeting notice.

The certificate, dated December 19, 2025, assures that the issue proceeds will not be used for any activities deemed ultra-vires to the memorandum of association of Shree Pushkar Chemicals & Fertilisers Limited or its subsidiaries. Furthermore, the company explicitly committed not to deploy the funds for any activities that are not regulated or are prohibited under current law. This declaration was submitted to the chief general manager of listing operations at BSE Limited.