LK Mehta Polymers Limited

Key Financial Figures

  • Total IPO proceeds raised: ₹7,38,40,000
  • Amount utilized as of 30th September 2026: ₹7,28,40,000
  • Unutilized amount: ₹10,00,000
  • Unutilized funds parked in Fixed Deposit with HDFC Bank

Dates and Timeline

  • IPO fund raising date: 21 February 2025
  • Reporting period: Half year ended 30 September 2026
  • Audit Committee & Board of Directors review date: 14 November 2026
  • Auditor certification date: 14 November 2026

Parties Involved

  • Listed Entity: LK Mehta Polymers Limited (CIN: L25206MP1995PLCO08901)
  • Stock Exchange: BSE Limited
  • Statutory Auditors: DCJ & Associates, Chartered Accountants (FRN: 015039C)
  • Audit Partner: CA Shashank Garg (Membership No.: 410401)
  • Bank: HDFC Bank (for fixed deposit placement)

Fund Utilization Details

All raised funds were allocated and utilized exclusively for "Funding Working Capital Requirements of the Company" as per the original object disclosed in the offer document. No modification occurred in the object or allocation.

Regulatory Compliance Status

The company confirmed there were no deviations or variations in the use of IPO proceeds during the half year ended 30 September 2026. The statement was reviewed by both the Audit Committee and Board of Directors.

Auditor Certification

DCJ & Associates, the statutory auditors, verified the books of account and relevant records. They certified that:

  • The company raised ₹7,38,40,000 through IPO
  • ₹7,28,40,000 has been utilized for purposes stated in the offer document
  • The balance ₹10,00,000 is parked in a Fixed Deposit with HDFC Bank
  • During financial year 2026-27, the company has not incurred any amount

Monitoring and Approval

  • Monitoring Agency: Not Applicable
  • Shareholder Approval: Not Required (no deviation)
  • Audit Committee Comments: Not Applicable (no deviation)
  • Auditor Comments: Not Applicable