Expo Engineering & Projects Files NIL Deviation Statement for Preferential Issue Proceeds — Q4 FY26

2 min read     Updated on 11 May 2026, 03:27 PM
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Expo Engineering & Projects Limited has filed a NIL deviation statement under Regulation 32 of SEBI (LODR) Regulations, 2015, for the quarter ended 31st March 2026, confirming no variation in the utilisation of proceeds from its preferential issue of 31,45,715 convertible warrants aggregating to Rs. 22,02,00,050. As of the reporting quarter, total funds utilised stood at Rs. 4.69 crore across working capital and general corporate purposes, with no proceeds received during the quarter towards warrant conversion. The Audit Committee reviewed and confirmed the absence of any deviation or modification in the stated objects of the fund-raising exercise.

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Expo Engineering & Projects Limited (formerly known as Expo Gas Containers Limited) has submitted a NIL statement of deviation or variation in the utilisation of funds raised through a preferential issue of convertible warrants, filed on 11th May 2026 under Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the quarter ended 31st March 2026. The statement, duly reviewed by the Audit Committee, confirms that there has been no deviation or variation in the utilisation of proceeds from the objects disclosed in the notice dated 4th June 2025, read with the corrigendum dated 21st June 2025, calling an Extra Ordinary General Meeting of the Company on 27th June 2025.

Preferential Issue Details

The company had raised funds through a preferential issue of convertible warrants to promoter and non-promoter categories. The key parameters of the fund-raising exercise are outlined below:

Parameter: Details
Mode of Fund Raising: Preferential Issue of Convertible Warrants
Number of Warrants: 31,45,715
Face Value per Warrant: Rs. 4/-
Issue Price per Warrant: Rs. 70/- (including premium of Rs. 66/-)
Total Amount Raised: Rs. 22,02,00,050
Date of Raising Funds: 26th September 2025
Report Filed for Quarter Ended: 31st March 2026
Monitoring Agency: NA
Deviation / Variation: No

Of the total issue size, the company received 25% upfront — amounting to Rs. 5,50,50,012/- (Five Crore Fifty Lakh Fifty Thousand Twelve only), at Rs. 17.50 per warrant for 31,45,715 warrants — as subscription amount during the quarter ended 30th September 2025. The balance 75% at Rs. 52.50 per warrant is receivable upon exercise of the conversion option by warrant holders within the 18-month tenure of the warrants. During the quarter ended 31st March 2026, the company has not received any proceeds towards conversion of warrants into equity shares.

Fund Utilisation Against Stated Objects

The table below presents the allocation and utilisation of funds against each stated object, as disclosed in the filing:

Original Object: Original Allocation (Amount in Crore) Funds Utilised (Amount in Crore) Remarks
Augment working capital needs for purchase of raw materials, consumables etc. 5.02 3.82 No deviation
General corporate purposes 3.00 00.87 No deviation
Repayment of debts (existing loan repayment of Saraswat Bank and other Banks) 14.00 0.00 No deviation
Total 22.02 4.69

As evidenced by the table, no modification has been made to any of the stated objects, and there is no variation in the amount utilised relative to the disclosed purposes.

Audit Committee Review

The Audit Committee reviewed the statement and noted that there was no deviation or variation in the use of funds raised through the preferential issue. The statement will also be made available on the company's website at www.expogas.com . The filing was signed by Hasanain Mewawala, Managing Director (DIN 00125472), on 11th May 2026.

Historical Stock Returns for Expo Engineering & Projects

1 Day5 Days1 Month6 Months1 Year5 Years
-0.46%0.0%0.0%0.0%0.0%+915.04%

Will warrant holders exercise their conversion option before the 18-month tenure expires, and what impact would full conversion of the remaining 75% (approximately ₹16.5 crore) have on the company's equity dilution and share price?

Given that debt repayment of ₹14 crore to Saraswat Bank and other banks remains unutilised, what is the company's revised timeline and strategy for addressing these obligations?

How will the company's rebranding from Expo Gas Containers Limited to Expo Engineering & Projects Limited influence its business diversification strategy and future fund-raising activities?

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Expo Engineering and Projects Ltd. Intimates BSE of New Domain Name www.expoepl.com

1 min read     Updated on 11 May 2026, 03:19 PM
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Expo Engineering and Projects Ltd. (formerly Expo Gas Containers Limited) has intimated the BSE on May 11th, 2026, about its new website domain www.expoepl.com, following its corporate name change communicated on 22nd July, 2025. Both the old domain, www.expogas.com, and the new domain, www.expoepl.com, are being maintained simultaneously, with both pointing to the same content and services. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the company has updated its letterhead to reflect the new domain.

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Expo Engineering & Projects (formerly known as Expo Gas Containers Limited) has notified the Bombay Stock Exchange of its newly created website domain, www.expoepl.com , pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation, signed by Managing Director Hasnain S. Mewawala, was submitted on May 11th, 2026.

Background: Corporate Name Change

The company had previously communicated its name change from "Expo Gas Containers Limited" to "Expo Engineering and Projects Limited" via a letter dated 22nd July, 2025. The creation of the new domain, www.expoepl.com , represents a continuation of this rebranding process, aligning the company's digital identity with its updated corporate name.

New Domain and Transition Details

The following key details have been disclosed by the company regarding the domain transition:

Parameter: Details
New Domain: www.expoepl.com
Old Domain: www.expogas.com
Transition Status: Both websites maintained simultaneously
Content Parity: Both websites point to the same location and content
Regulatory Basis: Regulation 30 & Regulation 46, SEBI LODR Regulations, 2015
Intimation Date: May 11th, 2026

The company has confirmed that both the old website, www.expogas.com , and the new website, www.expoepl.com , are currently active and maintained together to ensure a smooth transition for stakeholders. The company has further assured that both websites are pointing to the same location with the same contents and services, in compliance with Regulation 46 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Letterhead Update

As part of the transition, Expo Engineering and Projects Limited has also updated its official letterhead to reflect the new domain name, www.expoepl.com . The intimation was digitally signed by Managing Director Hasnain S. Mewawala (DIN: 00125472) on May 11th, 2026, and has been submitted to the Department of Corporate Services at the Bombay Stock Exchange, P.J. Towers, Dalal Street, Mumbai.

Historical Stock Returns for Expo Engineering & Projects

1 Day5 Days1 Month6 Months1 Year5 Years
-0.46%0.0%0.0%0.0%0.0%+915.04%

What strategic business shifts or new project verticals is Expo Engineering & Projects planning to pursue following its rebranding from a gas containers company?

When does the company plan to fully decommission the old www.expogas.com domain, and how will it communicate this transition to long-term stakeholders?

How might the rebranding from a gas containers identity to an engineering and projects focus impact the company's future revenue mix and client acquisition strategy?

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