Karnika Industries Limited — Important, 05-06-2025: Updates

Karnika Industries has fully utilized its IPO proceeds of Rs. 25.07 Cr as intended, with Rs. 20 Cr directed to working capital, Rs. 3.37 Cr for general corporate purposes, and Rs. 1.7 Cr on issue expenses. This efficient deployment supports the company’s operational needs and growth plans following its listing on NSE’s Emerge platform.