Jetmall Spices and Masala Ltd Confirms No Deviation in Utilization of Proceeds for Half Year Ended March 31, 2026

Jetmall Spices and Masala Ltd has confirmed in a statement that there was no deviation or variation in the utilisation of proceeds of issuance of Convertible Warrants from the objects stated in the notice Postal Ballot Meeting for the half year ended on March 31, 2026. The company raised INR 35,48,88,000 Crores through preferential issue, out of which INR 26,61,60,000 Crores have been received as of February 06, 2025. The funds have been utilized for working capital for ADR and Related Services, Sales and Marketing Activities, and Investment/Capex in Technology development activities.