Key Finding

The company confirms that there is no deviation or variation in the use of proceeds from the IPO for the objects as stated in the Prospectus for the six months ended March 31, 2026.

IPO Details

  • Mode of fund raising: Public Issue (IPO)
  • Date of raising funds: October 08, 2025
  • Amount raised: ₹62.84 crore

Monitoring and Oversight

  • Monitoring agency: Brickwork Ratings India Private Limited
  • Audit Committee reviewed and approved the statement at its meeting held on May 28, 2026
  • Comments of audit committee: No Comments
  • Comments of auditors: No Comments

Fund Utilization Breakdown

| Object | Original Allocation (₹ Cr) | Funds Utilized (₹ Cr) | Deviation/Variation |

| Repayment and/or pre-payment of borrowing | 20.00 | 20.00 | None |

| Funding Capital Expenditure for new manufacturing unit | 19.45 | 7.85 | None |

| Working Capital Requirement | 8.00 | 2.60 | None |

| General Corporate Purpose | 9.09 | 0.99 | None |

Additional Information

The company raised funds with the intent to be listed on the Stock Exchange, to be used for working capital requirements and general corporate purpose.