Statement of Deviation or Variation for the half year ended on 31/03/2026
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AHASolar Technologies Limited has filed its statement confirming no deviation or variation in the utilization of IPO funds raised. The company raised Rs. 1284.89 lakhs through its public issue on July 17, 2023. The funds have been allocated across five categories: Development of Solar PV Plant (Rs. 705.13 lakhs), Setting up of Electric Vehicle Charging Infrastructure (Rs. 17.29 lakhs modified from Rs. 32.50 lakhs), Purchase of Electric Vehicles (Rs. 9.02 lakhs), Working Capital Requirements (Rs. 240.00 lakhs), and General Corporate Purpose (Rs. 195.94 lakhs). Public issue expenses accounted for Rs. 102.29 lakhs. The Audit Committee reviewed this statement on May 28, 2026, and confirmed nil comments.
No deviation from the IPO objects indicates the company is deploying funds as per its stated objectives. This is a routine compliance filing with no material impact on shareholders.