ALPHA TRIBE

Jeyyam Global Foods LimitedImportant, 15-11-2024: Updates

15-11-2024 | 06:25 pm

An inadvertent error related to the "Modified Allocation" and "Funds Utilized" for General Corporate Purposes has been rectified in the notes attached to the Board meeting outcome for the half-year ended September 30, 2024. The revised figures indicate the allocation for General Corporate Purposes has increased to ₹1,091.90 crore, while funds utilized amount to ₹891.91 crore. Additionally, Rs. 1,900 crore remains unutilized and is placed in a fixed deposit. The total funds raised from the IPO consists of ₹73.74 crore through fresh equity and ₹8.19 crore via the offer for sale. This correction does not alter the material aspects, maintaining a stable outlook for Jeyyam Global Foods Limited's financial strategy.

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