BSECompany Update6d ago · 13 Aug 2026, 06:22 pm
Please find the attached Statement of Deviation or Variation for the Quarter ended on 30th June, 2026.
Cranex Ltd · 522001
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Cranex Ltd has submitted a Statement of Deviation or Variation for the quarter ended June 30th, 2026, under Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirms that there is no deviation or variation in the utilisation of funds raised through Conversion of Convertible Warrants. However, the company has deviated from the original allocation of funds for business expansion, working capital, and general corporate purposes.
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Cranex Ltd - 522001 - Statement Of Deviation Or Variation For The Quarter Ended On June 30Th, 2026
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Date: 13th August, 2026
The Secretary
Corporate Relationship Department
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai-400 001
Ref. Scrip Code: 522001
ISIN: INE608B01010
Sub.: Statement of deviation or variation for the quarter ended on June 30th, 2026
Pursuant to Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 as amended read with SEBI Circular No. CIR/CFD/CMD1/162/2019 dated
December 24, 2019, please find enclosed herewith the Statement of Deviation(s) or Variation(s) in
respect of utilization of funds raised through Conversion of Convertible Warrants for the quarter ended
June 30th, 2026.
Further, we hereby confirm that there is no deviation or variation in the utilisation of funds raised
through Conversion of Convertible Warrants.
We request you to take the same on record.
Thanking you.
Yours faithfully,
For Cranex Limited
Heena Sharma
Company Secretary and Compliance Officer
Encl: as above
CFRAI\I E
GBANEX LIIVI|TEII
clN - L74899DLl 973PLC006503
Regd.Off.:9, D,D,A. Market, Katwaria Sarai, Opposite Qutab Hofcrl, New Delhi-11O016
Works : 5711 , Site-lY Industrial Area, Sahibabad-z01 01O, Distt. Ghaziabad (U-P.) Ph.: 0120-4333427,416762a
Fax i 91-12O4167630 lA/ebsite : www.cranexltd.com Emall : cranexl(@yahoe.com. info@cranexltd.com
Statement of Deviation / Variation in utilisation of funds rnised
Name of listed entitv Cranex Limited
Mode of Fund Rnising @ Prel'ererrtial Issue / QIPf
e+h€r$
Date of Raisins Funds 24n Aoril- 2026
Amount Raisetl Rs I 1,09,25,000/-
Renort filed for Ouarter ended .Iune 30rh. 2026
Monitoring Ascncv Not Applicable
Monitoring Agencv Name, if applicable Not Aoolicable
ls there a Deviation / Variation in use of funds No
raised
If I'cs, rvhether the same is pursuant to change Not Applicable
in terms of a contract or objects, rvhich was
annroved bv tbe shareholders
If Yes, Dnte of sharcholder ApDroval Not Applicable
Explanation for the Deviation / Variation Not Aoulicable
Comments of the Audit Committee after review No Comments
Commcnts of the auditors. if anv No Comments
Objects for rvhich funds have been raised and rvhere there has been a deviation, in the follorving table
Original Modilied Original Modifiecl Funds Amount of Remarks
Objcct Object, if Allocation alloca tio n, Utilisccl Deviation / if any
any if any Variation for
quarter
according
to applicable
obiect
Iunding Not Not Not No
reqLrrrenlents Applicable Rs.2,50,25,000/- Applicable Rs.2,50,25,0001- Applicable derdation
Business
Expansion
I.'unding fbr Not Not Not No
rvorking Applicable Applicable Applicable der"iatiorr
capital Rs.5,5 9,00,000/- Rs.5,59,00.000/-
requirernents
strengthen
t-rnancial
position
General Not Not Not No
corporate Applicable Rs.3,00,00,000/- Applicable Rs.3,00,00.000/- Applicable deviation
pu4)oses.
Deviation orvariation could mean:
(a) Deviation in the objects or purposes lbr which the funds have been raised or
(b) Dcviation in the amount of funds actually utilizcd as against lvhat lvas originally disclosed or
(c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer,
Designation: Chief Fin ancial Ofhcer