Merritronix Reports Nil IPO Fund Deviation for H1 FY27

IPO Details and Fund Raising

Mode of Raising Funds: Public Issue
Date of Raising Funds:
For anchor investors: May 29, 2026
For others (Public Offer): June 1, 2026, to June 3, 2026
Date of allotment: June 4, 2026
Total Amount Raised: ₹70.03 Crore
Monitoring Agency: Brickwork Ratings India Private Limited (Applicable)

Key Finding: Nil Deviation/Variation

The company explicitly states there is no deviation or variation in the use of the funds raised. This is confirmed by the answer 'No' to the query on deviation/variation and the subsequent 'No' to whether any change was pursuant to shareholder approval.

Breakdown of Fund Utilization (as of September 30, 2026)

The funds were raised for five specific objects. The utilization against each object is as follows:

| 1 | Capital expenditure towards purchase of Machinery and equipment | 21.36 | 12.57 | 0 | Nil |

| 2 | Funding working capital requirements | 21.95 | 21.86 | 0 | Nil |

| 3 | Repayment/prepayment of outstanding borrowings | 12.72 | 12.72 | 0 | Nil |

| 4 | General Corporate Purposes | 7.91 | 0.00 | 0 | Nil |

| 5 | Issue Expenses | 6.09 | 5.94 | 0 | Nil |

Audit Committee Review

The statement was placed before and reviewed by the company's Audit Committee at its meeting held on November 14, 2026 (the same date as this disclosure). The comments of the Audit Committee and the auditors are noted as 'Not Applicable' in the context of explaining a deviation, as none exists.

Governance and Signatory

The disclosure is signed by Dovari Amarnath, Managing Director (DIN: 01265446), on behalf of Merritronix Limited, an AS9100D certified company (CIN: L32100TG1988PLC155611).

Financial Impact

The disclosure confirms there has been no financial impact from deviation or variation in fund utilization. The non-utilization of ₹7.91 crore allocated for 'General Corporate Purposes' is not classified as a deviation or variation under SEBI regulations, as per this filing.