In terms of Regulations 32 of SEBI(LODR), 2015, we are enclosing herewith a Statement of Utilization of Issue proceeds for the half year ended 31st March 2025 as reviewed by the Audit Committee ....
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Sanghvi Brands Ltd has submitted a regulatory disclosure showing how it spent money raised from a prior issue. Out of Rs. 1,896.12 lakhs raised, the company has used Rs. 1,700.02 lakhs (about 90%) by 31st March 2025, with Rs. 196.10 lakhs still pending. The largest allocation was for Business Expansion (Rs. 771.70 lakhs), covering new outlets, distribution expansion in India and overseas, and acquisitions or development of new brands. Of this, Rs. 153.07 lakhs is still unspent. Marketing and sales promotion (Rs. 500 lakhs) and General Corporate Purpose (Rs. 284.42 lakhs) were fully utilized. Strategic Investments (Rs. 28.58 lakhs pending) and Issue Expenses (Rs. 14.45 lakhs pending) also have small unspent portions. The disclosure was reviewed by the Audit Committee on 27th May 2025.
This is a routine compliance filing and does not indicate any major change for shareholders. The company has largely deployed its issue proceeds as planned, though investors may want to track whether the remaining Rs. 196 lakhs is used in line with the stated purposes within a reasonable timeframe. No new fundraising or structural change is signaled.