Key Details

  • Period Covered: Half year ended September 30, 2026
  • Fundraising Event: Initial Public Offering (IPO) conducted from September 23, 2025 to October 7, 2025
  • Total IPO Proceeds: ₹64.13 Crores
  • Monitoring Agency: Brickwork Ratings India Private Limited
  • Audit Committee Review: The statement was reviewed and approved by the Audit Committee at its meeting held on November 14, 2026

Fund Utilization Details

No deviations or variations were reported in the utilization of IPO proceeds. The funds were utilized exactly as per the original objects:

| Original Object | Amount Allocated (₹ Crores) | Amount Utilized (₹ Crores) | Deviation/Variation |

| Repayment/prepayment of borrowings | 21.88 | 21.88 | NIL |

| Funding capital expenditure for new project | 13.00 | 13.00 | NIL |

| Additional working capital for existing business | 9.00 | 9.00 | NIL |

| Long-term working capital for new project | 16.00 | 16.00 | NIL |

| Issue expenses | 4.25 | 4.25 | NIL |

Financial Impact

No financial impact reported as there are no deviations from the originally stated utilization plan. All funds have been deployed exactly as disclosed in the IPO prospectus.