Key Quantitative Figures
- Total Amount Raised through IPO: ₹56.12 crores
- Date of Allotment: September 17, 2026
- Date of Listing: September 21, 2026
- Monitoring Agency: Brickwork Ratings India Private Limited
Funds Utilized as of September 30, 2026
A detailed breakdown of the original objects for the fund raise and the amount utilized against each is provided:
- Repayment/Prepayment of outstanding borrowings: Original Allocation: ₹10.00 crores | Utilized: ₹4.88 crores
- Capital Expenditure for Phase IV setup: Original Allocation: ₹30.50 crores | Utilized: ₹0.00 crores
- General Corporate Purposes: Original Allocation: ₹7.28 crores | Utilized: ₹7.25 crores
- Issue Expenses (Related to Fresh issue): Original Allocation: ₹8.34 crores | Utilized: ₹7.19 crores
- Total Utilized: ₹19.32 crores
Deviation Status
The company has confirmed that there is no deviation or variation in the use of the funds raised. The utilization is in line with the original objects stated in the IPO offer document. Consequently, all fields related to shareholder approval, explanation for deviation, and comments from the Audit Committee or auditors are marked as 'N.A.' (Not Applicable).
Governance and Approval
This statement was reviewed, approved, and taken on record by both the Audit Committee and the Board of Directors of the Company in their meeting held on November 11, 2026. The letter to the exchange was signed by Ramesh Kumar Rateria (DIN: 00612987), Chairman & Managing Director, from Kolkata.