Clarification29 Oct 2026, 03:44 pm
Spice Islands Industries: No Deviation in Preferential Issue Fund Use
AI Summary
Spice Islands Industries Limited has filed its quarterly statement for the period ended September 30, 2026, detailing the utilization of funds raised through a preferential issue. The company raised ₹8,69,99,580/- through the issue of warrants convertible into equity shares. The funds were intended for working capital, business expansion, and general corporate purposes. As of September 30, 2026, the company reported a balance of ₹3,000/- in the fund, with no utilization reported for the quarter. Consequently, there was no deviation or variation in the utilization of funds.
Key Highlights
- No deviation reported in the utilization of funds from preferential issue.
- Total funds raised amounted to ₹8,69,99,580/-.
- Funds were earmarked for working capital and business expansion.
- Remaining fund balance as of Sept 30, 2026, was ₹3,000/-.
- No funds were utilized during the quarter ended September 30, 2026.
Price Impact
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