Fund Raising Details
- Mode of Fund Raising: Initial Public Offer (IPO)
- Date of Raising Funds: 24-12-2025
- Amount Raised: ₹3041.38 Lakhs
- Reporting Period: Half year ended 31st March, 2026
- Monitoring Agency: Not Applicable
Fund Utilization Details (₹ in Lakhs)
Complete utilization with no deviations or variations:
| Purpose | Original Allocation | Amount Utilized (as of 31st March 2026) | Unutilized Amount | Status |
| Working Capital Requirements | 2126.85 | 2126.85 | 0 | Fully Utilized |
| General Corporate purposes | 456.21 | 456.21 | 0 | Fully Utilized |
| Issue expenses | 458.32 | 458.32 | 0 | Fully Utilized |
| Total | 3041.38 | 3041.38 | 0 | |
Auditor Certification
Firm: Dharmesh B. Mehta & Co, Chartered Accountants (Firm Reg No.: 132125W)
Certification Date: 30/05/2026
Scope: Examination of utilization of funds raised through Initial Public Offer dated December 24, 2025 (note: the certificate text mentions 2026, but this appears to be a typographical error as the IPO date is consistently stated as 2025 elsewhere)
The auditor confirms that:
- Funds have been fully utilized as per the original allocation
- Examination was conducted in accordance with ICAI's Guidance Note on Reports or Certificates for Special Purpose (Revised 2016)
- The certificate is intended solely for submission to BSE
Key Personnel
- Niraj Nandkishor Narsaria: Managing Director (DIN: 07014082)
- Dharmesh Bhupendra Mehta: Chartered Accountant (M No. – 038242)
Financial Impact
No financial impact from deviations or variations as the company has fully utilized all IPO proceeds exactly as originally disclosed. No unutilized funds remain.