Shangar Decor Ltd — Updates, 20-06-2025: Company Update

Shangar Decor Limited has announced a board meeting. The company reported no deviation or variation in the utilization of Rs. 493.53 million (49.35 Cr) raised through its Right Issue. Funds were primarily allocated to additional working capital (Rs. 378.15 lakh) and general corporate purposes (Rs. 112.88 lakh), with Rs. 3.55 crore remaining unutilised but invested in short-term deposits. The Audit Committee has reviewed and taken note of the fund utilization, confirming alignment with the objects stated in the offer documents. This reflects disciplined financial management post-fundraising, supporting operational stability and growth.