Spectrum Foods Ltd — Updates, 11-08-2025: Company Update

Spectrum Foods has confirmed no deviation in the use of funds raised from its Rights Issue for the quarter. The company stated that the proceeds were utilized as planned, primarily to augment working capital and for general corporate purposes, as outlined in the Letter of Offer. Of the total funds raised, the company has utilized Rs 19.29 Cr. This includes Rs 3.00 Cr and Rs 4.00 Cr placed in fixed deposits, Rs 9.67 Cr for Pushkar Project expenses, Rs 1.50 Cr for miscellaneous site project expenses, Rs 1.00 Cr for advance payments to suppliers, and Rs 0.12 Cr in bank balance. The Audit Committee reviewed the utilization with no comments.