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Cranex Limited granted an inter-corporate demand loan of ₹3 Crore to Kalyan Capitals Limited. The loan carries a 9% annual interest rate secured by equity shares.
Cranex Ltd scheduled a board meeting on May 29, 2026, to approve audited financial results. The trading window remains closed until 48 hours after declaration.
Cranex Limited received a ₹1.99 Crore order from ICF Chennai for 40T EOT Cranes. The project is scheduled for completion by January 30, 2027.
Cranex Limited reconstituted its Stakeholders Relationship and Internal Complaint Committees. These administrative changes ensure corporate governance compliance and committee effectiveness for the company.
Securocrop Securities India Pvt Ltd and PAC Sangeeta Pareek acquired 4,90,000 equity shares (7.46% stake) in Cranex Limited upon the conversion of warrants on April 24, 2026. This conversion increases the target company's paid-up equity capital to Rs. 8.02 Crore. The transaction represents a significant stake increase by the non-promoter group.
Cranex Ltd has allotted 4,90,000 equity shares following the conversion of warrants by Sangeeta Pareekh and Securocrop Securities India Private Limited. This conversion increases the company's paid-up equity capital from Rs. 6.57 Crore to Rs. 8.02 Crore, representing a significant capital structure update.
Cranex Limited announced the forfeiture of 7,60,000 convertible warrants as the allottees failed to exercise their conversion option within the stipulated 18-month period ending April 24, 2026. Consequently, the 25% initial subscription amount paid on these warrants stands forfeited as per SEBI regulations.
Cranex Ltd allotted 14,50,000 equity shares worth ₹11.09 Crore upon conversion of warrants at ₹102 per share. Consequently, the company's paid-up capital increased to ₹8.02 Crore. Additionally, 7,60,000 warrants were forfeited due to non-exercise within the 18-month conversion period.
Cranex Limited has secured multiple domestic purchase orders worth ₹6.30 Crore from major clients including BHEL, Vedanta, and BEL Bangalore. The orders involve manufacturing and supplying EOT cranes, hoists, and components, with execution timelines extending through April 2027. This highlights the company's strong operational resilience and continued order inflow despite challenging market conditions.
Cranex Ltd has informed the exchange that it does not qualify as a 'Large Corporate' under the criteria specified by SEBI circulars. Consequently, the initial and annual disclosure requirements for fund raising through debt securities are not applicable to the company for the financial year ended March 31, 2026.
Cranex Limited's promoter, Mr. Chaitanya Agrawal, submitted an annual declaration confirming that the promoter group held 31,25,345 shares as of March 31, 2026. The disclosure further confirms that no direct or indirect encumbrances were created on these shares during the 2025-26 financial year.