ALPHA TRIBE

Spinaroo Commercial LtdImportant, 11-11-2025: Company Update

11-11-2025 | 05:57 pm

Spinaroo Commercial Limited reported no deviation in the use of funds raised through its Initial Public Offer (IPO). The company raised 10.17 Cr (101,694,000) through the IPO. These funds were fully utilized as originally planned for working capital requirements and general corporate expenses. The Audit Committee reviewed the fund utilization for the half-year ended September 30, 2025, and confirmed compliance with funding regulations. This indicates the company is using investor capital as promised in its public offering.

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