Key Quantitative Figures

  • IPO Details: The company allotted 21,00,000 equity shares of face value ₹10 each at an issue price of ₹100 per share (including a security premium of ₹90 per share).
  • Gross Proceeds: ₹21.00 crore (₹2,100 lakhs)
  • Net Proceeds: ₹18.755 crore (₹1,875.50 lakhs) after deducting issue expenses of ₹2.245 crore (₹224.50 lakhs)
  • Total Utilized as of September 30, 2026: ₹18.4275 crore (₹1,842.75 lakhs)
  • Total Unutilized as of September 30, 2026: ₹2.5725 crore (₹257.25 lakhs)

Dates of Action

  • IPO Date: July 7, 2025
  • Reporting Period: Half year ended September 30, 2026
  • Audit Committee Meeting Date: November 14, 2026
  • Filing Date: November 14, 2026

Parties Involved

  • Listed Entity: Marc Loire Fashions Limited (Scrip Code: 544437, Trading Symbol: MARCLOIRE)
  • Stock Exchange: Bombay Stock Exchange Limited (BSE)
  • Statutory Auditors: SPMG & Co. (FRN: 509249C)
  • Bank Accounts: Unutilized funds are held with Kotak Bank (escrow account) and Canara Bank, with investments in Zero Coupon Bonds

Utilization Breakdown

| Object | Original Allocation (₹ lakhs) | Utilized (₹ lakhs) | Unutilized (₹ lakhs) |

| Funding Capital Expenditure for expansion of Retail Network (15 new EBOs) | 526.88 | 315.23 | 211.65 |

| Funding Capital Expenditure for purchase of Multi-Purpose Racks | 40.08 | 16.86 | 23.22 |

| Working Capital Requirements | 935.22 | 935.22 | 0.00 |

| Issue Expenses | 224.50 | 224.50 | 0.00 |

| General Corporate Purposes | 373.32 | 350.94 | 22.38 |

| Total | 2,100.00 | 1,842.75 | 257.25 |

Unutilized Funds Details

As of September 30, 2026, the unutilized IPO proceeds of ₹257.25 lakhs are allocated as follows:

  • ₹0.52 lakhs in escrow account with Kotak Bank
  • ₹34.71 lakhs as balance maintained with Canara Bank
  • ₹222.03 lakhs invested in Zero Coupon Bonds for short interval

Review and Certification

The Audit Committee of the company reviewed this statement in its meeting held on November 14, 2026, and had no comments. The statutory auditors, SPMG & Co., have issued a certificate confirming that the details regarding utilization of funds are true and correct.

Financial Impact

The company confirms there has been no deviation or variation in the utilization of IPO proceeds from the objects stated in the offer document dated June 21, 2025. All funds have been utilized according to the original plan with no modifications to the objects or allocations.