Luxury Time Limited submitted a regulatory filing to BSE Limited regarding deviations in the utilization of proceeds from its Initial Public Offer (IPO). The disclosure was made pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details:

  • IPO Details: The company raised funds through an IPO on December 11, 2025, with a total amount raised of ₹14.99 crores.
  • Reporting Period: The statement covers the quarter ended September 30, 2026.
  • Monitoring Agency: Brickwork Ratings India Private Limited is appointed as the monitoring agency.

Deviation/Variation Disclosure:

The company confirmed there has been a deviation/variation in the use of funds raised, which was approved by shareholders through a special resolution passed on September 25, 2026. Notably, no amount of the IPO proceeds had been utilized as of September 30, 2026.

Revised Object-wise Allocation:

The shareholders approved a complete revision of the IPO objects and allocations:

1. Original Object: Funding capital expenditure towards setting-up of 04 New Retail Stores

  • Original Allocation: ₹281.76 lakhs
  • Revised Object: Setting up and operating four stores directly under Luxury Time Limited
  • Revised Allocation: ₹300.00 lakhs
  • Funds Utilized: Nil
  • Deviation/Variation: Nil

2. Original Object: Funding working capital requirements of the company

  • Original Allocation: ₹900.00 lakhs
  • Revised Object: Strategic investments or acquisitions in wholly owned subsidiaries, associate companies or joint venture companies
  • Revised Allocation: ₹1,000.00 lakhs
  • Funds Utilized: Nil
  • Deviation/Variation: Nil

3. Original Object: General corporate purposes

  • Original Allocation: ₹143.37 lakhs
  • Revised Object: General Corporate Purposes – balance amount
  • Revised Allocation: ₹32.00 lakhs
  • Funds Utilized: Nil
  • Deviation/Variation: Nil

Total Allocation Changes:

  • Original Total Allocation: ₹1,325.13 lakhs
  • Revised Total Allocation: ₹1,332.00 lakhs
  • Total Funds Utilized: Nil
  • Total Deviation/Variation: Nil

Additional Information:

  • The Audit Committee provided no comments after review.
  • The auditors provided no comments.
  • The information will be made available on the company's website at www.luxurytimeindia.com.