Spectrum Talent Management Limited — Others, 15-05-2025: Monitoring Agency Report

Spectrum Talent Management Ltd has announced a Monitoring Agency report from ICRA Ltd highlighting a reallocation of issue proceeds. Offer expenses rose to INR 10.68 Cr, cutting the amount for general corporate purposes to INR 3.53 Cr. Unutilized funds of INR 3.81 Cr, initially set for working capital and acquisitions, were shifted to general corporate purposes after shareholder approval. INR 71.69 Cr was used for working capital, with no expenditure on acquisitions. Remaining general corporate funds of INR 5.44 Cr are placed in fixed deposits earning about 7.85%. Fund utilization was timely except for delays in general corporate expenses due to market conditions.