Sai Urja Indo Ventures Limited has submitted a regulatory disclosure to BSE Limited pursuant to SEBI Listing Regulations Regulation 32 and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
The disclosure confirms that there were no deviations or variations in the utilization of IPO proceeds from the objects stated in the company's prospectus for the half-year ended September 30, 2026. This is because the company's equity shares were listed on the stock exchanges on October 5, 2026, which was subsequent to the reporting period end. Consequently, the company had not utilized any proceeds raised through its Initial Public Offer (IPO) as of September 30, 2026.
Key Financial Details of the IPO:
- Total Issue Size: ₹2,495.04 lakh
- Fresh Issue Component: ₹2,066.54 lakh
- Offer for Sale Component: ₹428.50 lakh
- Net Proceeds (after offer-related expenses): ₹1,813.92 lakh
Original Allocation of Net Proceeds:
- Working Capital Requirements: ₹800.00 lakh
- Debt Repayment: ₹660.00 lakh
- General Corporate Purpose: ₹353.92 lakh
Regulatory Review and Approval:
The statement of no deviation was reviewed by the company's Audit Committee and taken on record by the Board of Directors at their meetings held on November 14, 2026. The company's auditors, Pavan Khabiya & Co. (FRN: 129305W), have provided nil comments on the disclosure.
Additional Information:
- The IPO consisted of 22,08,000 equity shares of face value ₹10 each
- Issue price was ₹113 per share (including a share premium of ₹103 per share)
- The shares were listed on the SME Platform of BSE Limited
- The issue was made in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
The document was digitally signed by Nikesh Subhash Zade, Company Secretary & Compliance Officer (Membership No.: A70329) on November 14, 2026, and countersigned by CA Rohan Soni, Partner of Pavan Khabiya & Co. (Membership Number: 600754, UDIN: 26600754DIXXVY9758).