Key Quantitative Figures
Total IPO Proceeds Raised: ₹2,165.76 lakhs
Total Amount Utilized: ₹1,371.05 lakhs
Total Amount Unutilized: ₹794.71 lakhs
Breakdown of Utilization:
- Funding of capital expenditure towards setup of a new manufacturing facility: Allocated ₹1,463.48 lakhs; Utilized ₹680.73 lakhs; Unutilized ₹782.75 lakhs (temporarily lying in a separate bank account).
- Funding of Working Capital Requirements: Allocated ₹400.00 lakhs; Utilized ₹400.00 lakhs; Unutilized ₹0.00.
- General Corporate Purpose: Allocated ₹21.13 lakhs; Utilized ₹9.17 lakhs; Unutilized ₹11.96 lakhs (temporarily lying in a separate bank account).
- Issue related expenses in relation to the Issue: Allocated ₹281.15 lakhs; Utilized ₹281.15 lakhs; Unutilized ₹0.00.
Parties Involved
- Listed Entity: Mehul Colours Limited (formerly known as Mehul Colours and Masterbatches Limited)
- Statutory Auditors: Y M S & Co LLP, Chartered Accountants (FRN No. 143858W/W100859)
- Signing Partner: Yatin Rajesh Shah (Partner, M.No. 157281)
Deviation/Variation Statement
The company confirms there is no deviation or variation in the use of funds raised. The utilization is in line with the objects disclosed in the offer document. The statement confirms that no changes were made pursuant to shareholder approval, as no deviation occurred.
Review and Approval
The statement of utilization was reviewed by the Audit Committee, which provided no comments. The auditors also provided no comments. The statement was taken on record by the Board of Directors at their meeting held on 7th November 2026.
Financial Impact
Financial impact is fully quantified in the disclosure. The unutilized funds (₹794.71 lakhs) are temporarily held in separate bank accounts and are earmarked for their originally stated purposes (capital expenditure and general corporate purpose).
#Tags: #MehulColours #IPO #SEBILODR #Regulation32 #ComplianceDisclosure #FinancialUpdate #Neutral