Key Quantitative Figures

  • Total Amount Raised through IPO: INR 93.5130 Crores
  • Date of Fund Raising: December 19, 2024
  • Quarter for which Report is Filed: Ended September 30, 2026

Fund Utilization Details

There is no deviation or variation in the use of the funds raised. The utilization is as per the original objects disclosed in the offer document.

The breakdown of fund allocation and utilization is as follows:

| Object | Original Allocation (INR Crore) | Funds Utilized (INR Crore) | Remarks |

| Setting up a new factory | 70.34 | 70.34 | Fully utilized as per plan |

| General Corporate Purposes | 14.76 | 14.09 | Minor variance, not classified as a deviation |

| Issue Expenses Paid | 8.41 | 8.41 | Fully utilized |

Regulatory and Governance Process

  • The statement was reviewed and approved by the company's Audit Committee in its meeting held on October 21, 2026.
  • The document is digitally signed by Bhoomi K Talati, Company Secretary & Compliance Officer (FCS:12828).
  • The financial figures are certified by Sumit Poddar, Chief Financial Officer.

Financial Impact

No financial impact from deviation or variation is reported, as the company confirms it has adhered to the original plan for utilizing the IPO proceeds.