Sparc Electrex Limited confirms no deviation in the use of funds raised through its rights issue of 1.46 crore partly paid-up shares issued at Rs. 19 each, aggregating to Rs. 27.87 Cr.

The proceeds have been fully utilized as intended.

The company has systematically collected the balance call money on these shares through multiple reminders and forfeiture notices, ensuring full realization of the issue proceeds.

This disciplined fund management supports Sparc Electrex’s planned operational and growth activities, maintaining transparency and discipline in capital deployment for shareholders.