Sahara Maritime Ltd — Updates, 29-05-2025: Company Update

Sahara Maritime Limited has confirmed there is no deviation or variation in the utilization of its public issue proceeds amounting to Rs. 6.88 million raised through its SME-IPO. The funds were primarily allocated to working capital (Rs. 4.84 Cr), general corporate purposes (Rs. 0.80 Cr), issue expenses (Rs. 0.92 Cr), and a small portion for capital expenditure (Rs. 0.03 Cr). All allocated funds have been utilized as intended, ensuring transparency and alignment with the company’s operational and financial plans, which is reassuring for investors.