Key Quantitative Figures

  • Amount Raised through Public Issue: ₹1,950.95 lakhs
  • Date of Fund Raising: September 24, 2026
  • Reporting Period: Half year ended September 30, 2026
  • Funds Utilized: ₹939.49 lakhs (48.16% of total raised)
  • Funds Unutilized: ₹1,011.46 lakhs (51.84% of total raised)

Fund Utilization Breakdown

| Object | Original Allocation (₹ lakhs) | Amount Utilized (₹ lakhs) | Deviation/Variation (₹ lakhs) |

| Funding Capital Expenditure towards Plant & Machinery | 526.89 | 0.00 | 0.00 |

| Working Capital requirements | 1,100.00 | 939.49 | 0.00 |

| General Corporate Purpose | 324.06 | 0.00 | 0.00 |

| Total | 1,950.95 | 939.49 | 0.00 |

Regulatory Compliance Status

The company confirms there is no deviation or variation in the utilization of proceeds raised through the public issue of equity shares during the half year ended September 30, 2026.

Audit Committee Review

The Audit Committee reviewed the utilization of IPO proceeds at its meeting held on November 4, 2026. The Committee:

  • Noted the utilization of proceeds under respective objects
  • Advised management to ensure funds are utilized in accordance with IPO objects and applicable regulatory requirements
  • Recommended appropriate monitoring and disclosure of unutilized proceeds in accordance with regulations

Additional Information

  • Monitoring Agency: Not Applicable
  • Shareholder Approval: Not Applicable (no deviation/variation)
  • Auditor Comment: Not Applicable
  • Company Address: $/No 181/1,182/1, At. Rangpurda, Ta. Kadi - 382715, Dist.: Mehsana, Gujarat, India