Clenon Enterprises Limited (formerly known as G.R.Cables Limited) has submitted its quarterly compliance report to BSE Limited confirming no deviation in the utilization of funds raised through preferential issue for the third quarter ended December 31, 2025. The report was filed pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Fund Raising Details

The company successfully raised funds through preferential issue of equity shares with the following specifications:

Fund Utilization Status

The company has reported complete adherence to its original fund utilization plan with no deviations or variations. The detailed utilization breakdown shows:

Audit Committee Review

The Audit Committee has conducted its review of the fund utilization and confirmed that there is no deviation or variation in the utilization of funds raised. The entire amount of Rs. 2.33 crore has been deployed for business expansion including working capital and general corporate purposes, exactly as outlined in the original objectives.

Regulatory Compliance

The filing demonstrates Clenon Enterprises' commitment to regulatory compliance and transparent reporting. The company confirmed that no changes were made to the terms of contract or objects that would require shareholder approval, maintaining full alignment with the original fund-raising objectives.

The report was signed by Nitin Kumar Mathur, Whole-Time Director (DIN: 06451862), on February 14, 2026, ensuring timely submission of the mandatory quarterly compliance document to the stock exchange.

Clenon Enterprises Limited has announced the incorporation of a wholly owned subsidiary, Clenon Properties Private Limited, marking the company's strategic expansion into the real estate and logistics sector. The subsidiary was incorporated on January 9, 2026, with the certificate of incorporation issued on January 13, 2026.

Corporate Structure and Capitalization

The newly formed subsidiary has been established with a clear capital structure designed to support its real estate operations.

Shareholding Pattern

Clenon Enterprises Limited holds a dominant position in the subsidiary with significant ownership stake.

Business Objectives and Operations

Clenon Properties Private Limited will operate in the real estate and logistics industry, focusing on comprehensive property development and management services. The subsidiary's business objectives include:

• Acquiring, purchasing, leasing, and developing real estate properties
• Constructing and operating warehouses and logistics parks
• Managing industrial parks and commercial complexes
• Operating godowns, cold storage facilities, and terminals
• Developing infrastructure facilities and transportation hubs

Regulatory Compliance

The incorporation has been completed in compliance with SEBI regulations, specifically under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that this wholly owned subsidiary constitutes a related party transaction due to common directorship and ownership structure. All future transactions with the subsidiary will be conducted on an arm's length basis to ensure regulatory compliance.

Strategic Implications

The formation of Clenon Properties Private Limited represents Clenon Enterprises Limited's diversification strategy beyond its traditional business operations. The subsidiary is yet to commence business operations, with no turnover recorded as of the incorporation date. This expansion into real estate and logistics sectors positions the company to capitalize on opportunities in property development and infrastructure management.