Spectrum Foods Limited has confirmed no deviation in the use of proceeds from its Rights Issue, totaling around Rs. 19.39 Cr.

The funds were primarily allocated to augment working capital needs with Rs. 19.29 Cr utilized accordingly, and a portion for general corporate purposes.

Around 2.05 lakh equity shares remain unpaid.

The company’s Audit Committee reviewed and found no discrepancies, reflecting proper adherence to the stated objectives.

This shows disciplined fund management, supporting operational liquidity and corporate flexibility for shareholders.