The company confirmed that there is no deviation or variation in the use of IPO proceeds from the objects stated in the Prospectus for the half year ended September 30, 2026.
Fund Raising Details
- Mode of Fund Raising: Public Issue – Initial Public Offer (Fixed Price Issue) on BSE SME Platform
- Date of Raising Funds: July 23, 2026 (date of allotment)
- Amount Raised: ₹1,819.20 lakh (18,19,200 equity shares of face value ₹10 each at ₹100 per share)
Utilization of Funds (As Per Original Objects)
The company provided a detailed breakdown showing full utilization according to the original allocation with zero deviation:
| Original Object | Original Allocation (₹ lakh) | Funds Utilized (₹ lakh) | Deviation |
| Capital expenditure for purchase of office premises | 371.05 | 371.05 | NIL |
| Repayment/prepayment of unsecured loans | 300.00 | 300.00 | NIL |
| Funding working capital requirements | 715.00 | 715.00 | NIL |
| General corporate purposes | 233.15 | 233.15 | NIL |
| Issue related expenses | 200.00 | 200.00 | NIL |
Governance and Approval
- Monitoring Agency: Not applicable
- Audit Committee Review: The Audit Committee reviewed and approved this statement at its meeting held on November 9, 2026
- Auditor Comments: No comments from auditors
- Shareholder Approval: Not applicable (no deviation occurred)