ALPHA TRIBE

Aelea Commodities LtdUpdates, 29-05-2025: Company Update

29-05-2025 | 09:39 pm

AELEA Commodities Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company reported no deviation or variation in the utilization of IPO proceeds amounting to ₹51.00 Cr since the funds were raised. The funds have been used as planned for setting up a new manufacturing unit, purchasing plant and machinery at an existing unit, general corporate purposes, and issue-related expenses. This consistent use of funds as per the original objectives reflects disciplined financial management benefiting shareholders’ confidence.

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