Ameenji Rubber Limited submitted a regulatory filing to BSE Limited pursuant to Regulation 32 of SEBI Listing Regulations and SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019 and SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
The disclosure confirms that there were no deviations or variations in the utilization of proceeds from the company's Initial Public Offer (IPO) during the half year ended March 31, 2026.
Key Financial Details
- IPO Date: October 1, 2025
- Total Amount Raised: ₹30,00,00,000 (₹30 crore)
- Total Amount Utilized as of March 31, 2026: ₹25,00,00,000 (₹25 crore)
- Unutilized Amount: ₹5,00,00,000 (₹5 crore)
Breakdown of Fund Utilization
| Purpose | Amount Allocated (₹ lakhs) | Amount Utilized (₹ lakhs) | Unutilized (₹ lakhs) |
| Funding of Capital Expenditure towards Modernization of Existing Machinery and Procurement of New Machinery for new product Line-Conveyor Belting Unit | 1,668.96 | 1,226.14 | 442.82 |
| Repayment and/or pre-payment of certain borrowings | 595.00 | 595.00 | - |
| General Corporate Purpose | 344.06 | 344.06 | - |
| Issue related expenses | 391.98 | 334.80 | 57.18 |
| Total | 3,000.00 | 2,500.00 | 500.00 |
The unutilized IPO proceeds of ₹5 crore as of March 31, 2026 are temporarily invested in fixed deposits with scheduled banks.
Governance and Approval
- The statement was reviewed by the Audit Committee
- The Board of Directors took the statement on record
- Both meetings were held on May 30, 2026
Auditor Certification
The statutory auditor, M M Reddy & Co. (FRN: 010371S), certified the utilization of funds after reviewing documents, statements, accounts, bank statements and other relevant records. Partner CA. M Madhusudhana Reddy (Membership No.: 213077) signed the certificate dated May 30, 2026, confirming no material deviations in the utilization of public issue proceeds.