Company Update

Shreenath Paper Products Limited provided an update on the utilization of funds from its Initial Public Offer (IPO) up to March 2026. For funding working capital requirements, the company utilized ₹0.014 Cr out of the ₹18.00 Cr disclosed in the offer document.

The remaining ₹17.99 Cr unutilized amount is held in an Escrow Public Issue Account.

Separately, for general corporate purposes and issue expenses, ₹23.35 Cr was utilized against the ₹23.36 Cr allocated.

This report, certified by statutory auditors, clarifies the allocation status of IPO proceeds for investors.