Italian Edibles Limited — Others, 13-11-2024: Utilisation of Funds

M/s. Italian Edibles Limited has reported the utilization of ₹26.656 crore raised through its IPO, which was listed on February 12, 2024. The funds were primarily allocated for setting up a manufacturing unit (₹8 crore), for which the entire amount was fully utilized, with additional funding of ₹0.7947 crore sourced from internal accruals. The company also repaid borrowings amounting to ₹6.053 crore, which is now fully settled. The statutory auditors, Maheshwari & Gupta, confirmed these allocations in their certificate of utilization issued following the audit committee and board's review.