Siyaram Recycling Industries Ltd — Updates, 20-05-2025: Company Update

Siyaram Recycling Industries has announced a statement confirming no deviation in the use of funds raised through its preferential issue of Rs 35.30 crore on 14th November 2024. The entire amount has been fully utilized as intended—Rs 31.76 crore for working capital and Rs 3.54 crore for general corporate purposes. The audit committee and auditors have reviewed and approved the utilization, ensuring alignment with the company’s stated objectives. This transparency reassures shareholders about disciplined fund management and operational focus.