Spectrum Talent Management Limited — Others, 14-08-2025: Monitoring Agency Report

Spectrum Talent Management's monitoring agency, ICRA, has released its report on IPO fund utilization for Q1 FY2026. The report indicates a 25-50% deviation from the initial plan, primarily due to higher issue-related expenses. Net proceeds were 79.03 Cr, lower than estimated. Critically, 3.81 Cr originally earmarked for working capital and acquisitions was reallocated to General Corporate Purpose (GCP), a change approved by shareholders. In Q1 FY2026, 5.44 Cr from GCP was utilized for acquiring property, plant, and equipment. This update provides clarity on how the company is managing its IPO proceeds and adjusting allocation to meet evolving business needs.