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Spice Islands Industries Limited allocated Rs 8.7 crore for expansion and working capital needs
29-Oct-2026, 04:32
Spice Islands Industries Limited disclosed a statement regarding the utilization of funds raised through a preferential issue, reporting that Rs 8,69,99,580 was allocated for working capital requirements, business expansion, and general corporate purposes. The company had allotted 19,33,324 warrants on October 30, 2024, and subsequently 19,33,324 equity shares on December 01, 2025, with a balance of Rs 3,000 remaining in the fund as of September 30, 2026.