Sparc Electrex: No Deviation in Rights Issue Fund Utilization

Sparc Electrex Ltd has confirmed no deviation or variation in the utilization of proceeds from its Rights Issue, as per the SEBI regulations. The company stated that funds raised through the Rights Issue, which involved the allotment of partly paid-up equity shares on April 24, 2023, have been used in accordance with the objects outlined in the Letter of Offer dated February 14, 2023. This confirmation pertains to the quarter ended December 31, 2025. The filing details the process of receiving call money on partly paid-up shares across several reminders and notices, indicating ongoing efforts to collect the full amount due.