Fund Raising Details

  • Mode of Fund Raising: Initial Public Offer (IPO)
  • Date of Raising Funds: 25th August 2026 (Date of Allotment)
  • Amount Raised:
  • Fresh Issue: ₹950 Million
  • Offer for Sale: ₹5,550 Million
  • Report filed for the quarter ended: September 30, 2026

Utilization of Proceeds Against Stated Objects

| Sr. No. | Object as per Offer Document | Amount Disclosed (₹ Million) | Actual Utilized (₹ Million) | Deviation |

| 1 | Funding capital expenditure for (i) electrical heating solutions; and (ii) specialized cable solutions | 181.34 | 6.10 | Nil |

| 2 | Pre-payment or scheduled repayment of certain outstanding borrowings | 550.00 | 550.00 | Nil |

| 3 | General corporate purposes | 141.81 | - | Nil |

Key Observations

  • The company has fully utilized the allocated ₹550 million for debt repayment.
  • Only ₹6.10 million has been utilized for capital expenditure against the allocated ₹181.34 million.
  • No funds have been utilized for general corporate purposes against the allocated ₹141.81 million.
  • The company confirms there is no deviation or variation in the use of proceeds, implying the unutilized amounts remain earmarked for their original purposes.

Regulatory and Governance Aspects

  • Monitoring Agency: Not Applicable
  • Shareholder Approval: Not Applicable (as no deviation)
  • Audit Committee Comments: Not Applicable
  • Auditor Comments: None
  • The statement was digitally signed by Vishal Jain, Company Secretary & Compliance Officer (ICSI Membership No.: A45820).

Financial Impact

Financial impact is not quantified in the disclosure beyond the actual utilization figures provided. The filing is a statement of compliance rather than a report of financial performance.