Statement of Deviation & Variation
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Aten Papers & Foam Limited reported audited financial results for FY 2025-26 with revenue of Rs 11,989.68 Lakhs, down from Rs 13,869.22 Lakhs in the previous year, representing approximately 13.5% decline in revenue. The company achieved a Profit After Tax of Rs 511.87 Lakhs compared to Rs 701.14 Lakhs in FY 2024-25. The company listed on BSE SME platform on 20th June 2025 through an IPO raising Rs 3,168 Lakhs. The Statement of Deviation confirms no deviation in utilization of IPO proceeds - all funds were deployed as per the stated objects: Rs 1,550 Lakhs for working capital, Rs 427.74 Lakhs for capital expenditure, Rs 792 Lakhs for general corporate purposes, and Rs 398.26 Lakhs for issue expenses. The statutory auditor issued an unmodified (clean) opinion on the financial statements.
Revenue and profit declined year-on-year, which may concern existing shareholders. However, the clean audit opinion and proper utilization of IPO proceeds without any deviation is a positive signal for corporate governance and investor confidence.