Spectrum Foods Ltd — Updates, 29-05-2025: Company Update

Spectrum Foods Limited has confirmed there is no deviation in the use of proceeds from its Rights Issue, with total funds raised amounting to Rs. 19.39 Cr. As of the latest update, Rs. 19.29 Cr has been utilized primarily to augment working capital, while the remainder is allocated for general corporate purposes. Some shares remain unpaid as of the quarter-end, but overall fund utilization aligns with the stated objectives, supporting ongoing operational and financial needs without changes in the original plans. This clarity is positive for shareholders monitoring capital deployment.