Sai Silks (Kalamandir) Ltd extended IPO proceeds utilisation deadline by 6 months to September 30, 2026, from March 31, 2026.
Rs. 39.86 Crore remains unutilised out of Rs. 566.23 Crore raised via IPO in September 2023.
Balance funds will be deployed towards 4 new stores (Karnataka & Andhra Pradesh) and a warehouse at Kanchipuram, Tamil Nadu.
Company exceeded planned retail footprint by ~28% at 1,82,652 sq. ft. vs. 1,42,500 sq. ft. envisaged; no shareholder approval required.