Earkart Ltd

Earkart Ltd Proposes Strategic Reallocation of IPO Funds 💼📊

• Working capital allocation increases by ₹854.69 lakhs (from ₹2110.13 lakhs to ₹2610.13 lakhs)

• Capital expenditure for Shop-in-Shop clinics reduces by ₹1304.69 lakhs (from ₹1733.26 lakhs to ₹383.26 lakhs)

• New allocation: ₹250 lakhs for pharmaceutical business

• New allocation: ₹600 lakhs for acquisitions (land/properties)

• Company raised ₹3906.79 lakhs in IPO with ₹141.27 lakhs remaining unutilized

• Seeking shareholder approval via postal ballot for fund reallocation