Swiss Military Consumer Goods Ltd — Updates, 21-05-2025: Company Update

Swiss Military Consumer Goods Limited has announced that there is no deviation or variation in the utilization of funds raised through its Rights Issue of Rs. 48.80 Cr. The proceeds have been deployed as planned: Rs. 7 Cr to adjust unsecured promoter loans, Rs. 24.5 Cr invested in its wholly owned subsidiary SM Travel Gear Pvt Ltd for new plant acquisition and working capital, and Rs. 1.70 Cr for incremental working capital. This confirms disciplined capital allocation aligned with growth and operational expansion plans, supporting shareholder value creation.