Chiraharit Limited

Key Confirmation

The company confirms that there is no deviation or variation in the utilization of the proceeds from its IPO from the objects mentioned in the Prospectus dated 23rd September 2025 for the half-year ended 30th September 2026.

IPO Details

  • Mode of Fund Raising: Initial Public Offer (IPO)
  • Date of Raising Funds (Allotment Date): 08th October 2025
  • Total Amount Raised: ₹3,107.16 Lakhs

Review and Approval Process

The statement was duly reviewed by the company's Audit Committee and taken on record by the Board of Directors at their respective meetings held on 12th November 2026.

Detailed Fund Utilization Breakdown (as of 30th September 2026)

A. Funding Capital Expenditure for HDPE Ball Valves and Fittings Manufacturing Unit

  • Original Allocation: ₹526.17 Lakhs
  • Amount Utilized: ₹210.62 Lakhs
  • Deviation/Variation: Nil
  • Remarks: A balance of ₹315.55 Lakhs is temporarily parked in Bank Fixed Deposits for the completion of the project.

B. Repayment and/or pre-payment of certain borrowings

  • Original Allocation: ₹390.40 Lakhs
  • Amount Utilized: ₹390.40 Lakhs
  • Deviation/Variation: Nil
  • Remarks: Utilized fully as per the object.

C. Working Capital Requirements

  • Original Allocation: ₹1,413.32 Lakhs
  • Amount Utilized: ₹1,413.32 Lakhs
  • Deviation/Variation: Nil
  • Remarks: Utilized fully as per the object.

D. Issue related Expenses

  • Original Allocation: ₹311.27 Lakhs
  • Amount Utilized: ₹311.27 Lakhs
  • Deviation/Variation: Nil
  • Remarks: Utilized fully as per the object.

E. General Corporate Expenses

  • Original Allocation: ₹466.00 Lakhs
  • Amount Utilized: ₹446.88 Lakhs
  • Deviation/Variation: Nil
  • Remarks: A balance of ₹19.12 Lakhs is temporarily parked in Bank Current Accounts for future corporate overheads.

Total Utilization Summary

  • Total Funds Raised: ₹3,107.16 Lakhs
  • Total Funds Utilized: ₹2,772.49 Lakhs

Additional Information

  • Monitoring Agency: Not Applicable
  • Comments of the auditors: Nil
  • The document was signed by Pavan Kumar Bang, Managing Director & CEO (DIN: 03614791).