In terms of Statement of Deviation and Variation for the quarter ended 31.12.2025 confirming the no deviation and variation in utlisation of proceeds from the Object as stateted in Offer ....
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Sparc Electrex Ltd has filed a compliance statement confirming that there has been no deviation or variation in the use of proceeds from its Rights Issue conducted in 2023. The company raised Rs. 27.87 crore through the issue of 1.47 crore partly paid-up equity shares at Rs. 19 per share, as per the Letter of Offer dated February 14, 2023. All funds have been utilised strictly as per the originally stated objects of the issue. This is a routine quarterly filing mandated under SEBI's Listing Regulations to ensure transparency in fund usage.
This is a routine regulatory compliance filing with no material impact on shareholders or the stock price. It simply confirms that the company has used the rights issue proceeds as originally promised, which is a positive signal of corporate governance and discipline.