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 (formerly known as G.R. Cables Limited) has announced its unaudited financial results for the third quarter of FY 2025-26 ended December 31, 2025. The Board of Directors approved these results during their meeting held on February 14, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Q3 FY26 Financial Performance

The company demonstrated significant operational progress during the quarter, reporting revenue from operations of ₹185.19 lakhs compared to no revenue recorded in the corresponding quarter of the previous year. Despite this revenue generation, the company posted a net loss of ₹59.17 lakhs for Q3 FY26.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Clenon Enterprises reported total income of ₹324.75 lakhs, comprising ₹323.93 lakhs from operations and ₹0.81 lakhs from other income. This represents a substantial increase from ₹195.71 lakhs total income recorded in the corresponding nine-month period of the previous year.

Expense Structure and Operational Details

The company's expense structure for Q3 FY26 included purchase of traded goods amounting to ₹184.69 lakhs, other expenses of ₹50.12 lakhs, finance costs of ₹5.93 lakhs, changes in inventory of ₹3.08 lakhs, employee benefits expense of ₹0.54 lakhs, and depreciation of ₹50.12 lakhs.

Share Capital and Equity Information

The company's paid-up equity share capital stood at ₹1,094.03 lakhs as of December 31, 2025, compared to ₹861.53 lakhs in the previous year. During the quarter, the company completed a preferential allotment of 23,25,000 equity shares of face value ₹10 each to strategic investors at ₹10 per share, pursuant to NCLT Order dated March 24, 2023.

Earnings Per Share

The basic and diluted earnings per share for Q3 FY26 were both negative at ₹0.24, compared to negative ₹0.60 in Q3 FY25. For the nine-month period, the earnings per share stood at negative ₹1.64.

Regulatory Compliance

The financial results have been prepared in accordance with Indian Accounting Standards as prescribed under Section 133 of the Companies Act, 2013. The results were reviewed by the Audit Committee and subsequently approved by the Board of Directors. The statutory auditors have completed the limited review as required under Regulation 33 of SEBI regulations.