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Pakka Limited Confirms Strategic Alignment in Fund Utilization

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Pakka Limited Confirms Strategic Alignment in Fund Utilization

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Pakka Ltd ( (IN:PAKKA) ) has shared an announcement.

Pakka Limited has announced that there are no deviations or variations in the use of funds raised through a preferential issue during the third quarter ending December 31, 2024. The funds were allocated for investments in plant and machinery, investment in a subsidiary, and general corporate purposes, with a significant portion remaining unutilized. This update, reviewed by the audit committee and board, reaffirms Pakka’s commitment to its initial financial strategies, potentially strengthening stakeholder confidence.

More about Pakka Ltd

YTD Price Performance: -23.03%

Average Trading Volume: 21,293

Current Market Cap: 11.19B INR

See more insights into PAKKA stock on TipRanks’ Stock Analysis page.

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