Statement of Deviation (s) or Variation(s) for the quarter ended March 31, 2026.
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Advance Agrolife Limited has filed a confirmation that there is NO deviation or variation in the utilization of IPO proceeds for the quarter ending March 31, 2026. The company raised Rs. 1928.42 million through its Initial Public Offer (IPO) which opened on October 6, 2025. The equity shares got listed on BSE and NSE from October 8, 2025. Care Ratings Limited is the monitoring agency for the IPO proceeds. The filing includes comments from the Audit Committee (nil) and Auditors (nil), confirming proper utilization of funds as per the disclosed objects of the issue.
No deviation in IPO fund utilization is a positive signal, indicating the company is deploying IPO proceeds as planned in its prospectus. This is routine compliance and has no immediate negative implications for shareholders.