Key Quantitative Figures

  • Total IPO proceeds raised: ₹46.74 crore
  • Total amount utilized as of September 30, 2026: ₹44.76 crore
  • Unutilized amount as of September 30, 2026: ₹1.98 crore
  • Number of equity shares issued through IPO: 54,99,200

Breakdown of Proceeds Utilization (Annexure A)

| Object | Amount Disclosed | Actual Utilized | Unutilized |

| Working Capital Requirements | ₹37.03 crore | ₹35.61 crore | ₹1.42 crore |

| General Corporate Purpose | ₹3.94 crore | ₹3.85 crore | ₹0.09 crore |

| Public Issue Expenses | ₹5.77 crore | ₹5.30 crore | ₹0.47 crore |

| Purchase of Machinery | ₹0.00 crore | ₹0.00 crore | ₹0.00 crore |

Historical Adjustment Details (Annexure B)

The certificate includes adjustments to previous quarter's utilization figures due to variation in interpretation of expenses:

  • Working Capital Requirements: Previous certificate showed ₹29.05 crore, amended to ₹29.10 crore (variance of -₹0.05 crore)
  • General Corporate Purpose: Previous certificate showed ₹3.89 crore, amended to ₹3.85 crore (variance of ₹0.04 crore)
  • Public Issue Expenses: Previous certificate showed ₹5.32 crore, amended to ₹5.30 crore (variance of ₹0.02 crore)
  • Total variance of ₹0.01 crore attributed to rounding off

Dates of Action

  • IPO allotment date: September 02, 2025
  • Listing date: September 04, 2025
  • Reporting period end: September 30, 2026
  • Auditor certificate date: November 09, 2026
  • Company filing date: November 13, 2026

Parties Involved

  • Auditor: Kapoor Goyal & Co. (FRN 001370N), represented by CA. Tarun Kapoor (Partner, Membership No.: 095949)
  • Company representative: Nisha Kashyap, Company Secretary & Compliance Officer
  • Regulatory recipient: BSE Limited

Financial Impact

The disclosure confirms that the company has utilized approximately 95.8% of the total IPO proceeds (₹44.76 crore out of ₹46.74 crore) strictly for the objects stated in the prospectus. The remaining ₹1.98 crore remains unutilized as of September 30, 2026.

Company Offices

  • Corporate Office: 1056 A, Galleria Market, Sushant Lok Phase I, Gurugram, Haryana - 122001
  • Branch Office: F/402, 4th Floor, Mrudagandhar Bhageshree Building, Khopoli Road, Ambheghar, Khan Mohalla, Pen, Raigad, Maharashtra - 402107