IPO Details

The Company raised funds through an Initial Public Offering (IPO) by issuing 45,00,000 equity shares of face value ₹10 each at an issue price of ₹60 per share (including a premium of ₹50 per share), aggregating to gross proceeds of ₹2,700.00 lakhs. The equity shares were listed on the BSE SME Platform on 07 July 2026. The date of allotment was 02 July 2026.

Deviation Status

The Company confirmed there is no deviation or variation in the use of funds raised through the IPO. The monitoring agency was not applicable as the issue size was below ₹50 Crores.

Object-wise Fund Utilisation (as of 30 September 2026)

| Object | Original Allocation (₹ lakhs) | Funds Utilised (₹ lakhs) | Unutilised Balance (₹ lakhs) | Remarks |

| Funding capital expenditure | 300.00 | 149.18 | 150.82 | Unutilised balance kept in Fixed Deposit account with SBI. |

| Funding working capital requirement | 1,300.00 | 1,296.98 | 3.02 | Unutilized balance kept in the Escrow Account with Kotak Mahindra Bank |

| Prepayment/Repayment of certain borrowings | 300.00 | 65.30 | 234.71 | Unutilized balance is kept in Fixed Deposit account with SBI. |

| General corporate purposes | 342.00 | 342.00 | 0.00 | Fully utilized towards General corporate purposes |

| Issue Related Expenses | 458.00 | 458.00 | 0.00 | Fully utilized towards Issue related expenses |

| Total | 2,700.00 | 2,311.45 | 388.55 | |

Auditor Certification

PRASS & Associates LLP, Chartered Accountants (Firm Registration Number: 107816W/W100222), certified the utilisation of funds. The certificate was issued by CA Aditya S. Patil (Partner, Membership No.: 143812) on 02 November 2026.

Working Capital Deployment (Regulation 262(6) Certification)

The auditors provided a separate certificate detailing the working capital deployment. The net working capital position as of 30 September 2026 was computed as follows:

  • Current Assets: ₹3,073.01 lakhs (Inventories: ₹781.71 lakhs, Trade Receivables: ₹1,204.73 lakhs, Short-term Loans and Advances: ₹399.04 lakhs, Other Current Assets: ₹687.54 lakhs)
  • Current Liabilities (excluding Short-Term Borrowings): ₹1,500.58 lakhs (Trade Payables: ₹888.20 lakhs, Other Current Liabilities: ₹462.73 lakhs, Short-Term Provisions: ₹149.65 lakhs)
  • Net Working Capital: ₹1,572.44 lakhs

Funding Structure for Working Capital:

  • Proceeds from IPO utilised: ₹1,300.00 lakhs
  • Short-Term Borrowings: ₹160.72 lakhs
  • Internal Accruals (Current Year Profit + Reserves): ₹2,921.08 lakhs
  • Total Funding Deployed: ₹4,381.80 lakhs

Deployment Break-up of IPO Proceeds (₹1,300 lakhs) towards Working Capital:

The entire amount of ₹1,300.00 lakhs was deployed towards 'Supply of Goods & Services'. No amounts were deployed towards Employee Benefit Expenses, Statutory Dues Payment, Other Expenses, or Finance Cost.

Additional Information

An amount of ₹385.53 lakhs relating to the capital expenditure object is placed in Fixed Deposit with State Bank of India as at 30 September 2026. The statement and certificates were reviewed and approved by the Audit Committee and Board of Directors. The information has been uploaded on the company website www.atharvapolyplast.in.

#Tags: #AtharvaPolyPlast #SEBIDisclosure #RegulatoryCompliance #IPO #FundUtilisation #Neutral