Key Quantitative Figures

  • Total IPO proceeds: ₹3,102.10 lakhs
  • Total utilized amount as of 30-09-2026: ₹1,586.81 lakhs (51.1% of total)
  • Total unutilized balance: ₹1,515.29 lakhs (48.8% of total)

Detailed Utilization Breakdown (Amounts in lakhs, exclusive of GST):

Capital Expenditure for Distillation Plant at Ravalgaon, Maharashtra:

  • Amount disclosed in Offer Document: ₹379.24
  • Actual Utilization: ₹0.00
  • Unutilized: ₹379.24

Capital Expenditure for expansion and Development of Farms:

  • Amount disclosed in Offer Document: ₹1,522.94
  • Actual Utilization: ₹853.22
  • Unutilized: ₹669.72

Prepayment or repayment of outstanding borrowings:

  • Amount disclosed in Offer Document: ₹362.66
  • Actual Utilization: ₹361.89
  • Unutilized: ₹0.77

General Corporate Purpose:

  • Amount disclosed in Offer Document: ₹465.00
  • Actual Utilization: ₹10.22
  • Unutilized: ₹454.78

Issue Related expenses:

  • Amount disclosed in Offer Document: ₹372.26
  • Actual Utilization: ₹361.48
  • Unutilized: ₹10.78

Dates and Timeline

  • Prospectus dated: 08th September 2026
  • Reporting period: FY 2025-26 up to 30th September 2026
  • Management statement date: 04-11-2026
  • Director signature date: 01/11/2026
  • Auditor certificate date: 04-11-2026

Parties Involved

  • Auditor: SSRV & Associates (Firm Registration No: 135901W)
  • Director: Surendra Kumar Babulal Agarwal (DIN: 07295592)
  • Auditor Partner: Rakesh Agarwal (Membership No: 129593)

Management Confirmation

The management confirms that:

  • IPO proceeds have been utilized/remain unutilized as disclosed
  • Utilization is being monitored with reference to purposes specified in the Prospectus
  • Unutilized amount shall continue to be held and deployed in accordance with applicable provisions of law
  • Information furnished is true and correct to the best of their knowledge and belief
  • Company maintains relevant supporting documents and records

Auditor Certification

SSRV & Associates certified that:

  • They examined the books of accounts and relevant records
  • The company has utilized IPO proceeds as per the details provided
  • Utilization is in compliance with terms and purposes mentioned in the Prospectus
  • Compliance with applicable regulations including SEBI and Companies Act requirements
  • UDIN: 26129593VOCSTX8502

Financial Impact

Actual utilization of ₹1,586.81 lakhs represents 51.1% of total IPO proceeds. Significant unutilized balance of ₹1,515.29 lakhs remains available for future deployment according to prospectus objects.