Q&T Foods Limited submitted a mandatory compliance statement to BSE Surveillance pursuant to Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statement covers the utilization of proceeds from the company's Initial Public Offering (IPO) for the half-year ended September 30, 2026.
The company raised ₹2623.38 lakhs through its IPO, with the date of allotment being August 17, 2026. The statement confirms that there has been no deviation or variation in the use of funds raised. No monitoring agency was appointed for the fund utilization.
The audit committee reviewed the statement and had no comments, which was subsequently taken on record by the board of directors at their meeting held on November 14, 2026.
Fund Utilization Details (₹ in Lakhs)
Capital Expenditure:
- Original Allocation: ₹442.21
- Funds Utilized: ₹0.00
- Unutilized Funds: ₹442.21
- Deviation/Variation: ₹0.00
- Remarks: Funds have been temporarily kept in Bank FDRs
Additional Working Capital Requirement:
- Original Allocation: ₹750.00
- Funds Utilized: ₹750.00
- Unutilized Funds: ₹0.00
- Deviation/Variation: ₹0.00
Borrowing Repayment:
- Original Allocation: ₹675.00
- Funds Utilized: ₹675.00
- Unutilized Funds: ₹0.00
- Deviation/Variation: ₹0.00
General Expense:
- Original Allocation: ₹391.93
- Funds Utilized: ₹391.93
- Unutilized Funds: ₹0.00
- Deviation/Variation: ₹0.00
Issue Expenses:
- Original Allocation: ₹364.24
- Funds Utilized: ₹364.24
- Unutilized Funds: ₹0.00
- Deviation/Variation: ₹0.00
Key Points
- Total funds raised: ₹2623.38 lakhs
- No deviation or variation in fund utilization
- No shareholder approval required as there is no deviation
- No explanation for deviation/variation needed
- Audit committee and auditors have no comments
- The only unutilized funds (₹442.21 lakhs allocated for capital expenditure) are temporarily held in bank fixed deposits