Disclosure Purpose
Regulatory filing submitted to BSE Limited regarding utilization of proceeds from Initial Public Offer (IPO) for the quarter ended June 30, 2026, as required under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Fund Raising Details
- Mode of Fund Raising: Public Issue
- Date of Raising Funds: June 17, 2026 to June 19, 2026
- Gross Proceeds from Fresh Issue: ₹1,790.21 lakhs (15,98,400 equity shares of face value ₹10 each at issue price of ₹112 per share)
- Issue Expenses: ₹190.00 lakhs
- Net Proceeds Available for Utilisation: ₹1,600.21 lakhs
Fund Utilization as of June 30, 2026
| Object | Amount Allocated (₹ lakhs) | Utilized During Quarter (₹ lakhs) | Cumulative Utilized (₹ lakhs) | Unutilized Balance (₹ lakhs) |
| Repayment/prepayment of certain outstanding borrowings | 1,375.00 | 1,160.00 | 1,160.00 | 215.00 |
| General Corporate Purposes | 225.21 | - | - | 225.21 |
| Total | 1,600.21 | 1,160.00 | 1,160.00 | 440.21 |
Key Findings
- No Deviation/Variation: Confirmed no deviation or variation in utilization of IPO proceeds from objects stated in the prospectus dated June 11, 2026
- Unutilized Balance: ₹440.21 lakhs remains unutilized as of June 30, 2026, held in escrow account with Axis Bank
- Monitoring Agency: Not applicable
- Shareholder Approval: Not applicable (no deviation)
- Audit Committee Comments: Nil
- Auditor Comments: Nil
Auditor Certification
Statutory auditors M/s Agarwal R C & CO (Firm Registration No: 152617W) certified:
- ₹1,160.00 lakhs utilized from net IPO proceeds up to June 30, 2026
- Funds applied towards objects specified in the prospectus
- Balance ₹440.21 lakhs remains unutilized in escrow account
- No deviation or variation in fund utilization