Knack Packaging Limited has submitted a regulatory filing to BSE Limited and the National Stock Exchange of India Limited pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The disclosure confirms that there is no deviation or variation in the utilization of proceeds from its Public Issue (Initial Public Offer) for the quarter ended September 30, 2026.
Key Details of the Public Issue:
- Mode of Fund Raising: Public Issue (Initial Public Offer)
- Date of Raising Funds (Allotment Date): July 06, 2026
- Amount Raised (Fresh Issue): ₹ 3800 Million
- Amount Raised (Offer for Sale): ₹ 595 Million
- Monitoring Agency: Applicable
- Monitoring Agency Name: CARE Ratings Limited
Fund Utilization Status:
The statement confirms there is no deviation or variation in the use of the raised funds. The Audit Committee has reviewed and noted that the utilization of IPO proceeds is in line with the objects stated in the Prospectus.
Breakdown of Fund Objects and Utilization (₹ in Millions):
| Object | Modified Object | Original Allocation | Modified Allocation | Funds Utilized | Amount of Deviation/Variation | Remarks |
| Partial funding of capital expenditure towards setting up new manufacturing facility at Borisana, Kadi, Mehsana, Gujarat | NA | 3200.00 | 0.00 | 7.04 | 0.00 | The funds will be utilised progressively as the project progresses. The Project has commenced. |
| General corporate Purposes | NA | 311.49 | 0.00 | 294.69 | 0.00 | |
| Issue expenses | NA | 288.51 | 0.00 | 259.03 | 0.00 | |
Authorisation:
The statement was digitally signed by Ravi Kumar Ramnarayan Pasi, Company Secretary & Compliance Officer (Membership No.: ACS-28167), on behalf of Knack Packaging Limited.