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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Sparc Electrex Ltd

Sparc Electrex Ltd confirms no deviation in Rights Issue fund utilization

REGULATORY ● No Immediate Change LOW RISK
📅 Filed on BSE: 06 Jun 2026, 11:09 PM IST  ·  BSE ID: 915c03d1-d8f1-43e6-b31c-16e1e4a11bd5
View Original BSE Filing (PDF)
💡
In Simple Terms
The company has confirmed that money raised from a past share sale was used exactly as promised to investors.
🤖 AI Summary
  • Sparc Electrex Ltd confirms no deviation in Rights Issue fund utilization for Q4 FY26.
  • Funds raised via Rights Issue in April 2023 amounted to Rs. 27,86,73,000/-.
  • The filing confirms utilization aligns with the objects stated in the Letter of Offer.
  • No modification in original objectives or terms required shareholder approval.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Amount Raised
Rs. 27,86,73,000/-
Quarter Ended
31st March, 2026
Rights Issue Date
February 14, 2023
🏢 How This Affects the Company
💰
Financial Impact
The confirmation addresses regulatory compliance regarding the utilization of funds raised from the Rights Issue, maintaining financial transparency.
⚠️
Risk Impact
This filing mitigates potential regulatory scrutiny and investor concerns regarding the use of Rights Issue proceeds.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders.
👤
Who Is Affected
All shareholders are informed of the company's compliance regarding the utilization of funds from the Rs. 27,86,73,000/- Rights Issue.
🔍
Management Signal
Management signals a commitment to transparency and regulatory compliance in the deployment of capital.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Next quarterly statement on fund utilization.
Future financial results disclosures.
Any further regulatory updates impacting capital deployment.
LOW RISK The filing is a routine compliance confirmation with no adverse findings.
💡 Investor Takeaway
Sparc Electrex Ltd confirms Rs. 27,86,73,000/- Rights Issue funds were utilized as per the Letter of Offer for the quarter ending March 31, 2026, with no deviations.
⚖️ Strengths & Concerns

✅ Positives

  • Company adherence to stated objects for Rs. 27,86,73,000/- Rights Issue proceeds, as per filing.
  • No deviation reported for the quarter ended March 31, 2026, demonstrating compliance.
❓ Frequently Asked Questions
What is Sparc Electrex Ltd confirming about its Rights Issue funds?
Sparc Electrex Ltd is confirming that there is no deviation or variation in the utilization of funds from its Rights Issue as per the Letter of Offer.
What was the total amount raised from Sparc Electrex Ltd's Rights Issue?
The total amount raised from the Rights Issue was Rs. 27,86,73,000/-.
For which period is Sparc Electrex Ltd reporting fund utilization?
The report is filed for the quarter ended 31st March, 2026.
Did Sparc Electrex Ltd's use of Rights Issue funds change from original plans?
No, the company confirms that the amount has been used as per the object of the issue and there is no deviation.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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