Sparc Electrex Confirms No Deviation in Rights Issue Fund Utilization

Sparc Electrex Ltd has confirmed that there is no deviation or variation in the utilization of proceeds from its Rights Issue, as stated in the Letter of Offer dated February 14, 2023. This confirmation is for the quarter ended March 31, 2026. The company raised approximately ₹27.87 crore through the rights issue, which involved the allotment of partly paid-up equity shares. The filing details the collection of call money in tranches, indicating active management of the funds raised and adherence to the original objects of the issue.