Spice Islands Industries reports no deviation in preferential issue fund use for Q1FY27
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Spice Islands Industries filed a statement on use of funds raised via preferential issue. Total raised was Rs. 8.70 crore through 19,33,324 equity shares allotted at Rs. 45 (Rs. 35 premium) on December 1, 2025, upon conversion of warrants. As of June 30, 2026, about Rs. 8.70 crore has been utilized for working capital, business expansion, and general corporate purposes, with just Rs. 3,000 remaining. No deviation or variation was reported, and no comments from auditors.
No deviation in fund use. About 99.99 percent of the Rs. 8.70 crore raised has been deployed as planned, indicating orderly utilization.