Key Declaration
The company confirms there has been no deviation or variation in the utilization of IPO proceeds for the mentioned period compared to the objects stated in the Prospectus.
Fund Raising Details
- Mode of Fund Raising: Public Issues
- Date of Raising Funds: December 4, 2025
- Amount Raised: ₹24.10 crore (₹241.02 lakh)
- Report filed for Quarter ended: September 30, 2026
- Monitoring Agency: Not applicable
Fund Utilization Breakdown (as per Annexure A)
| Object | Amount in Offer Document (₹ Lakhs) | Actual Utilized (₹ Lakhs) | Unutilized Amount (₹ Lakhs) | Remarks |
| Marketing and advertisement expenses toward enhancing awareness and visibility of brand | 1150.00 | 896.29 | 253.71 | Unutilised amount lying as Term Deposit in swift in and Swift out Account of Kotak Bank |
| Setting up new manufacturing facility at Mauje-Peth in Amravati ("Proposed facility") | 780.60 | 0.00 | 780.60 | |
| General Corporate Purpose | 213.21 | 213.21 | 0.00 | |
| Issue expenses | 266.39 | 219.10 | 47.29 | |
| Total | 2410.20 | 1328.60 | 1081.60 | |
Governance and Review Process
The statement of deviation/variation was:
- Reviewed by the Audit Committee
- Taken on record by the Board of Directors
- Both meetings held on November 13, 2026
Auditor Certification
Ratan Chandak & Co LLP, Chartered Accountants (Firm Reg No: 108696W/W101028), certified the IPO fund utilization as of September 30, 2026. The certification confirms that the details in Annexure A match with the company's unaudited books of accounts.
Key auditor notes:
- Figures are based on unaudited books of accounts as of September 30, 2026
- Management is responsible for preparation and maintenance of books of accounts
- Certificate issued for submission to BSE only, not for any other purpose
- Dated: November 13, 2026, signed by Partner (Membership No: 182935)