Statement of Deviations or Variation of Funds under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Aritas Vinyl Ltd has filed a compliance statement confirming no deviations or variations in the utilization of IPO proceeds during the half year and year ended March 31, 2026. The company raised Rs. 3289.34 Lakhs through its IPO on January 21, 2026. Of the allocated funds, Rs. 85.61 Lakhs was utilized for the Solar Power Project out of Rs. 425.61 Lakhs allocated, leaving Rs. 340.00 Lakhs unutilized and parked in SBI Savings Fund. Working Capital utilization was Rs. 2073.15 Lakhs against an allocation of Rs. 2045.00 Lakhs, partially funded by net savings of Rs. 28.15 Lakhs from Public Issue Expenses. General corporate purposes and Public Issue Expenses were utilized as allocated. The company's auditors, Pushpendra Gupta & Associates, have certified that the funds were utilized in accordance with the stated objects in the Prospectus.
This is a positive compliance filing indicating proper use of IPO funds as per the prospectus. The unutilized amount for the Solar Power Project is expected to be deployed as the project progresses. Shareholders can be assured that there are no fund misuse concerns.