Attached is the Statement of Deviation & Varaition pursuant to Regulation 32 of SEBI (LODR), Regualtions, 2015 for quarter ended 31.03.2025. The Company hereby confirms that there is no ....
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Sparc Electrex Ltd has filed a quarterly compliance statement under SEBI Regulation 32 confirming that there is no deviation or variation in the use of funds raised through its Rights Issue. The Rights Issue was conducted in 2023, with the company allotting 1,46,67,000 partly paid-up equity shares (face value Rs. 10, Rs. 2.50 paid-up) at Rs. 19 per share, raising a total of Rs. 27.87 crore. The filing covers the quarter ended 31 March 2025 and the company states that funds have been used strictly as per the original objects mentioned in the Letter of Offer dated 14 February 2023. The document also details the collection of call money through multiple reminder and forfeiture notices between June 2023 and March 2024, with all amounts tracked.
This is a routine compliance filing with no material impact on the stock. It reassures shareholders that the Rights Issue proceeds have been deployed as originally promised, but contains no new business or financial information.