Regulation 32-Statement of Deviation or Variation of funds under Regulation 32 of SEBI (LODR) Regulations, 2015
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Aztec Fluids & Machinery has confirmed that there is no deviation or variation in the use of proceeds from its IPO for the quarter ended September 30, 2025. The company had raised ₹24.12 crore via public issue in May 2024 across three stated objects. Of the ₹1.40 crore earmarked for acquiring equity shares of Jet Inks Private Limited, ₹1,39,96,7,633 has been utilized, with a small ₹32,367 payment to one shareholder pending due to RBI compliance. The ₹37.20 lakh allocated for repayment of borrowings has been fully used, while the ₹64 lakh set aside for General Corporate Purposes remains unutilized so far. The statement was reviewed by the Audit Committee and noted by the Board on November 14, 2025.
This is a routine regulatory disclosure and is largely neutral for shareholders. It shows management is using IPO funds as originally promised, though the unutilized ₹64 lakh for General Corporate Purposes is still pending deployment.