Pursuant to Regulation 32 of SEBI (LODR) Regulations, 2015, we hereby confirm that there is no deviation and variation in the use of proceeds from the objects stated in the Letter of Offer ....
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Sparc Electrex Ltd has filed a quarterly compliance statement under SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations. The company confirms that there has been no deviation or variation in how the proceeds raised earlier (as per the Letter of Offer) are being utilised — meaning the funds are being used for the same purposes originally disclosed to investors. This is a standard regulatory filing required from listed companies that have raised money through a public issue, rights issue, or preferential offer. It does not involve any new financial numbers, business updates, or capital changes in this particular submission.
This is a routine compliance confirmation with no material impact on the stock price. It signals good corporate governance and transparency, reassuring investors that the company's use of raised funds remains aligned with originally stated objectives.