Fund Raising Details

  • Mode of Fund Raising: Public Issues (Initial Public Offer)
  • Date of Raising Funds: January 31, 2025
  • Amount Raised: ₹2,506.75 Lakhs
  • Monitoring Agency: Not applicable

Key Finding

There is no deviation or variation in the use of proceeds from the public issue. The company confirms that funds have been utilized exactly as per the original objects stated in the prospectus.

Fund Utilization Breakdown

| Purpose | Original Allocation (₹ Lakhs) | Funds Utilized (₹ Lakhs) | Variation |

| Working Capital Requirement | 937.77 | 937.77 | NIL |

| General Corporate Purposes | 547.41 | 547.41 | NIL |

| Share Issue Expenses | 141.57 | 141.57 | NIL |

| Repayment of borrowing | 500.00 | 500.00 | NIL |

| Truck Purchase | 380.00 | 380.00 | NIL |

Note on Truck Purchase

The company had given an advance for three trucks in the financial year 2024-25 amounting to ₹66.53 Lakhs vide agreement dated March 10, 2025. However, the trucks have not been transferred in the name of the Company yet. This is noted but not classified as a deviation.

Financial Impact

No financial impact from deviation or variation as none exists. All funds have been utilized as per original objects.