Shreenath Paper Products Ltd — Updates, 10-06-2025: Company Update

Shreenath Paper Products Limited has announced a board meeting to approve the financial results for the quarter and half-year. The company raised Rs. 23.36 Cr through its recent IPO, with funds primarily allocated to meet incremental working capital requirements (Rs. 18 Cr), general corporate purposes (Rs. 2.87 Cr), and issue-related expenses (Rs. 2.49 Cr). As of the latest update, Rs. 8.3 Cr remains unutilized from the IPO proceeds. The audit committee has confirmed no deviation in the use of funds. This funding supports the company’s expansion plans and strengthens its working capital position post-listing on BSE SME.