Key Quantitative Figures
- Total IPO Proceeds Raised: ₹2,502.75 lakhs
- Date of Allotment/Fund Raising: March 10, 2026
- Amount Utilized as of September 30, 2026: ₹2,387.75 lakhs
- Amount Unutilized as of September 30, 2026: ₹115.00 lakhs
Fund Utilization Breakdown (₹ in lakhs)
1. Working Capital Requirement
- Original Allocation: ₹1,932.61
- Amount Utilized: ₹1,932.61
- Amount Unutilized as of March 31, 2026: ₹500.00
- Amount Unutilized as of September 30, 2026: NIL
- Deviation/Variation: No
2. Issue Related Expenses
- Original Allocation: ₹220.14
- Amount Utilized: ₹105.14
- Amount Unutilized as of March 31, 2026: ₹115.00
- Amount Unutilized as of September 30, 2026: ₹115.00*
- Deviation/Variation: No
- Remarks: ₹115.00 lakhs kept separately in Fixed Deposit
3. General Corporate Purposes
- Original Allocation: ₹350.00
- Amount Utilized: ₹350.00
- Amount Unutilized as of March 31, 2026: NIL
- Amount Unutilized as of September 30, 2026: NIL
- Deviation/Variation: No
Important Note Regarding Unutilized Funds
The Board of Directors has proposed to utilize the unutilized funds of ₹115 lakh (originally earmarked for issue expenses) towards working capital requirements, subject to shareholders' approval.
- A postal ballot notice was issued on September 9, 2026, to seek shareholder approval through remote e-voting.
- As of September 30, 2026, the remote e-voting process was ongoing and scheduled to conclude on October 11, 2026.
Governance and Approval Process
- The statement was reviewed by the company's Audit Committee.
- The statement was taken on record by the Board of Directors.
- Both meetings were held on November 6, 2026.
Auditor Certification
The company's chartered accountants, Deepak Agal & Company, have certified the expenditure incurred from IPO proceeds up to September 30, 2026, confirming no deviations or variations in fund usage.
- Firm Registration Number: 016876
- Certification Date: November 6, 2026
- UDIN: 2-e5Z|ZL7EG\Z+121x