The statement confirms that there is no deviation or variation in the use of the funds raised. The Audit Committee reviewed the statement, and it was taken on record by the Board of Directors at their respective meetings held on 29th May 2026.
IPO Details
- Mode of Fund Raising: Public issue
- Issue Open Date: 26th September 2024
- Issue Close Date: 30th September 2024
- Allotment Date: 1st October 2024
- Amount Raised (Fresh Issue): ₹19.42 Crores
- Report filed for: Half Year Ended 31st March 2026
- Monitoring Agency: Not Applicable
Fund Utilization Details
| Object of Issue | Original Allocation | Funds Utilized (as of 31-Mar-2026) | Unutilized Amount | Amount of Deviation/Variation |
| Funding working capital requirements | ₹1,600.00 Lakhs (₹16.00 Cr) | ₹1,600.00 Lakhs (₹16.00 Cr) | - | NA (No Deviation) |
| General Corporate Purpose | ₹148.63 Lakhs (₹1.49 Cr) | ₹144.29 Lakhs (₹1.44 Cr) | ₹4.34 Lakhs | NA (No Deviation) |
| Issue Expenses | ₹194.29 Lakhs (₹1.94 Cr) | ₹194.29 Lakhs (₹1.94 Cr) | - | NA (No Deviation) |
Additional Information
- Explanation for Deviation/Variation: Not Applicable
- Comments of Audit Committee: Nil
- Comments of Auditor: Not Applicable
- The document was digitally signed and submitted by Zehra Murtaza Ghadiali, Company Secretary and Compliance Officer, from Ahmedabad.