Key Quantitative Figures
- Total amount raised through IPO: ₹495.45 lakhs
- Total amount utilized as of previous quarter (June 30, 2026): ₹265.45 lakhs
- Unutilized amount being reallocated: ₹31.57 lakhs
- Original allocation for Public Issue Expenses: ₹75.45 lakhs
- Amount utilized for Public Issue Expenses: ₹75.45 lakhs
- Amount utilized for Investment in Subsidiary: ₹70.00 lakhs
- Amount utilized for General Corporate Purpose: ₹120.00 lakhs
Details of Deviation
The company has deviated in the use of IPO funds by reallocating the unutilized amount of ₹31.57 lakhs originally allocated for Public Issue Expenses to General Corporate Purpose.
Shareholder Approval
This variation was approved by shareholders through a special resolution passed on September 19, 2022 at the 12th Annual General Meeting of the company.
Audit Committee Review
The Audit Committee of the company reviewed this statement at its meeting held on 03rd November, 2026 and had no comments.
Previous Quarter Status
There is no variation in the utilized amount of ₹265.45 lakhs as reported in the previous quarter (June 30, 2026) relating to Investment in Subsidiary, Public Issue Expenses and General Corporate Purpose.
Original IPO Object Allocations
- Acquisitions And Other Strategic Initiatives: ₹230.00 lakhs (not utilized)
- Investment in Subsidiary: ₹70.00 lakhs (fully utilized)
- General Corporate Purpose: ₹120.00 lakhs (fully utilized)
- Public Issue Expenses: ₹75.45 lakhs (₹75.45 lakhs utilized, ₹31.57 lakhs unutilized)
Financial Impact
The financial impact involves the reallocation of ₹31.57 lakhs from Public Issue Expenses to General Corporate Purpose. No additional financial impact is quantified in the disclosure.
Effective Date
The variation was approved by shareholders on September 19, 2022 and is being implemented for the quarter ended September 30, 2026.