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ADF Foods Limited ( (IN:ADFFOODS) ) has issued an announcement.
ADF Foods Limited has announced that there is no deviation or variation in the utilization of funds raised through a Preferential Issue of Convertible Warrants, as per the objectives stated during their Extraordinary General Meeting on September 4, 2020. This confirmation, reviewed by the company’s audit committee, indicates that the funds, amounting to Rs. 5,294.25 Lakhs, have been used as intended, supporting the company’s capital expenditure and growth strategy, with implications for maintaining stakeholder confidence and ensuring transparency in financial operations.
More about ADF Foods Limited
ADF Foods Limited operates in the food industry, specializing in the production and distribution of packaged foods. The company focuses on offering a variety of products catering to diverse culinary preferences, with a significant emphasis on capital expenditure and exploring inorganic growth opportunities.
YTD Price Performance: -14.97%
Average Trading Volume: 16,697
Current Market Cap: 27.58B INR
For an in-depth examination of ADFFOODS stock, go to TipRanks’ Stock Analysis page.