Regulatory21 May 2026, 07:41 pm
Sanghvi Brands: Issue Proceeds Utilization till March 2026
AI Summary
Sanghvi Brands Ltd. reported the utilization of issue proceeds for the half year and financial year ended March 31, 2026, as reviewed by the Audit Committee. Out of ₹1896.12 Lakhs raised, ₹1713.52 Lakhs has been utilized, with ₹164.18 Lakhs pending utilization. The funds were primarily allocated to business expansion, marketing and sales promotion, strategic investments, general corporate purposes, and issue expenses. The company confirms no deviation in the use of funds raised, and the utilized proceeds align with the prospectus objectives.
Key Highlights
- Sanghvi Brands utilized ₹1713.52 Lakhs out of ₹1896.12 Lakhs raised through public issue.
- Major fund allocation includes ₹771.70 Lakhs for business expansion and ₹500 Lakhs for marketing.
- ₹164.18 Lakhs remains pending for utilization as of March 31, 2026.
- Audit Committee confirms IPO proceeds were utilized as stated in the prospectus.
- No deviation or variation reported in the utilization of funds raised.
Price Impact
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