Yashhtej Industries (India) Limited submitted a regulatory compliance filing to BSE Limited pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that there has been no deviation or variation in the utilization of proceeds from its Initial Public Offer (IPO).
The IPO raised a total of ₹8,887.56 lakh, with the allotment date being February 23, 2026. The funds were raised for specific purposes as outlined in the prospectus: capital expenditures (₹6,388.29 lakh), funding working capital requirements (₹610.57 lakh), general corporate expenses (₹950.00 lakh), and issue-related expenses (₹938.70 lakh).
As of March 31, 2026, the company has utilized ₹3,048.33 lakh of the raised funds, distributed as follows:
- Capital expenditures: ₹825.00 lakh utilized
- Working capital requirements: ₹610.57 lakh utilized (full allocated amount)
- General corporate expenses: ₹718.57 lakh utilized
- Issue-related expenses: ₹894.19 lakh utilized
The audit committee of the company reviewed this statement at its meeting held on May 29, 2026, and noted no deviation/variation in the use of funds raised. The monitoring agency for the fund utilization is Brickwork Ratings India Private Limited. The company explicitly stated that there is no deviation in the objects or purposes for which the funds have been raised, no deviation in the amount of funds actually utilized as against what was originally disclosed, and no change in terms of any contract referred to in the prospectus.
The filing was digitally signed by Suraj Shivraj Barge, Managing Director (DIN: 03161804), on May 29, 2026.