Key Quantitative Figures

  • Total Amount Raised: ₹57.79 Crore (raised on October 15, 2025)
  • Capital Expenditure for Plant and Machinery:
  • Original Allocation: ₹613.00 Lakhs
  • Actual Utilized: ₹589.59 Lakhs
  • Deviation Amount: ₹110.11 Lakhs
  • Unutilized Amount: ₹23.41 Lakhs
  • Repayment of Debt:
  • Original Allocation: ₹1,150.00 Lakhs
  • Actual Utilized: ₹427.00 Lakhs
  • Unutilized Amount: ₹723.00 Lakhs
  • Working Capital Requirements:
  • Original Allocation: ₹2,800.00 Lakhs
  • Actual Utilized: ₹3,625.44 Lakhs
  • Excess Utilization: ₹825.44 Lakhs
  • Unutilized Amount: (₹825.44) Lakhs (negative indicates over-utilization)
  • General Corporate Purpose:
  • Original Allocation: ₹676.64 Lakhs
  • Actual Utilized: ₹664.28 Lakhs
  • Unutilized Amount: ₹12.36 Lakhs
  • Issue Related Expenses:
  • Original Allocation: ₹539.22 Lakhs
  • Actual Utilized: ₹472.55 Lakhs
  • Unutilized Amount: ₹66.67 Lakhs

Details of Deviations

Capital Expense for Plant and Machinery:

  • ₹187.03 lakhs utilized for purchases from vendors different from those disclosed in the Prospectus
  • ₹110.11 lakhs utilized towards civil work-related expenses, which was not a specified use of proceeds under this object

Working Capital Requirements:

  • Excess utilization of ₹825.44 lakhs beyond the allocated ₹2,800.00 lakhs

Audit Committee Review

The Audit Committee reviewed the explanations provided by management and noted that:

  • Expenditures were incurred for implementation and operationalization of the project and are related to the overall capital expenditure object
  • Utilization was made considering business exigencies and operational requirements
  • Company proposes to regularize and align utilization within overall IPO proceeds limits in subsequent periods

Auditor Certification

Statutory Auditors Patel & Panchal (Firm Registration No.: 123744W) certified the utilization of funds with noted deviations. The certificate was issued for submission to Bombay Stock Exchange and includes the qualification that certain deviations/variations were observed during examination.

Parties Involved

  • Listed Entity: Shlokka Dyes Limited (CIN: L24299GJ2021PLC124004)
  • Statutory Auditors: Patel & Panchal, Chartered Accountants
  • Monitoring Agency: Credit Rating Information Services of India Limited
  • Auditor Signatory: CA Hardik Panchal, Partner (MRN: 114164)

Financial Impact

The disclosure indicates material deviations from prospectus objects but does not quantify specific financial impact beyond the variance amounts. The company has committed to regularizing the utilization within overall IPO proceeds limits in subsequent periods.