Fund Raising Details

  • Mode of Fund Raising: Initial Public Offer (IPO)
  • Date of Raising Funds: July 10, 2025
  • Amount Raised: ₹17.76 Crores
  • Monitoring Agency: Not Applicable

Deviation/Variation Status

  • Is there a Deviation/Variation in use of funds raised? No
  • Explanation for Deviation/Variation: Not Applicable
  • Shareholder Approval Date: Not Applicable

Review and Approval

  • The statement was reviewed and approved by the Audit Committee and Board of the Company at its meeting held on October 29, 2026.
  • Audit Committee Comments: None
  • Auditors Comments: None

Fund Utilization Details (as of September 30, 2026)

| S.N. | Original Object of Issue | Original Allocation (₹ Lakhs) | Funds Utilized (₹ Lakhs) |

| 1 | To Meet Working Capital Requirements | 1150.00 | 767.11 |

| 2 | General Corporate Purpose | 396.47 | 396.47 |

| 3 | Issue related expenses | 230.13 | 228.29 |

Key Observations

  • No deviation or variation from the originally stated objects of the fund raise.
  • Total funds utilized: ₹13.92 Crores (₹767.11 lakhs + ₹396.47 lakhs + ₹228.29 lakhs) from the total raised amount of ₹17.76 Crores.
  • Working capital utilization stands at 66.7% of allocated amount (₹767.11 lakhs utilized against ₹1150.00 lakhs allocated).
  • General corporate purposes utilization is 100% of allocated amount.
  • Issue expenses utilization is 99.2% of allocated amount.

Additional Information

  • The statement is available on the company's website at https://cryogenicogs.com
  • The document was digitally signed by Rashmi Kamlesh Otavani, Company Secretary & Compliance Officer, on October 29, 2026 at 13:11:12 IST.
  • The company is described as a "Fluid Motoring and Filtoring Equipment OEM."
  • The approval signatory for the statement is Dhairya Patel, Whole time Director (DIN: 09145811).