Statement of Deviation and Varioation of funds raised through public issue under Regulation 32(1) of the SEBI (LODR) Regulations,, 2015 as on 30th September, 2025.
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Abril Paper Tech Ltd has filed its IPO fund utilisation statement for the quarter ended September 30, 2025, confirming no deviation from the originally stated objects. The company raised Rs. 1,342 lakhs (₹13.42 crore) through its IPO, with allotment on September 3, 2025. Of this, Rs. 740.89 lakhs (~55%) has been utilised so far: Rs. 500 lakhs deployed as working capital and Rs. 101 lakhs used for issue expenses (both fully utilised). For the Rs. 540 lakhs earmarked for capital expenditure (sublimation paper coating machine), the entire amount is currently parked in fixed deposits and no amount has been deployed yet. For general corporate purposes (Rs. 201 lakhs allocated), Rs. 139.89 lakhs has been used, with Rs. 51.11 lakhs remaining in the bank.
This is a routine compliance filing showing the company is on track with its IPO fund usage plan, with no deviation reported. However, shareholders should note that nearly 45% of IPO proceeds remain undeployed, particularly the entire capital expenditure component meant for machinery purchase, which may signal delayed capex plans. No immediate stock price impact is expected from this disclosure.