November 09, 2026
General Information
- Mode of Fund Raising: Initial Public Offer (IPO)
- Date of Raising Funds: September 15, 2026
- Amount Raised: ₹34.14 crores
- Report Period: Quarter ended September 30, 2026
- Monitoring Agency: No monitoring agency appointed
- Deviation/Variation in Use of Funds: No deviation or variation reported
- Audit Committee Review: Reviewed in meeting held on November 13, 2026
- Auditor Comments: Not applicable
Fund Utilization Details (Amount in ₹ Lakhs)
| Object of Utilization | Original Allocation | Funds Utilized During Quarter | Cumulative Funds Utilized | Deviation/Variation |
| Funding Capital Expenditure towards purchase of reach stackers | 2500.00 | Not specified | 200.00 | Nil |
| Issue Expense | 409.68 | Not specified | 409.68 | Nil |
| General Corporate Purposes | 504.32 | Not specified | 455.59 | Nil |
| Total | 3414.00 | Not specified | 1065.27 | Nil |
Key Financial Figures
- Total IPO Proceeds: ₹34.14 crores
- Total Utilized as of September 30, 2026: ₹10.65 crores (31.2% of total proceeds)
- Capital Expenditure Utilization: ₹2.00 crores (80% of allocated ₹2.50 crores)
- Issue Expense Utilization: ₹4.10 crores (100% of allocated amount)
- General Corporate Purposes Utilization: ₹4.56 crores (90.3% of allocated ₹5.04 crores)
Governance & Approval
- The statement was reviewed by the Audit Committee of the Company
- Audit Committee meeting date: November 13, 2026
- Audit Committee comments: Nil
- Signed by Pratyaksh Sureka (Managing Director, DIN: 08012594) and Vasant Dongre (CFO, DIN: 06487360)
Financial Impact
No financial impact from deviation or variation as none occurred. Funds are being utilized according to original IPO objects.