Statement on Deviation or Variation of Funds under Regualtion 32 of SEBI(LODR) Regualtions, 2015 is attached for the Half Year and Financial Year Ended on 31.03.2025
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Awaiting price reaction for this filing.
Aztec Fluids & Machinery has confirmed to BSE that there is no deviation or variation in the use of funds raised through its IPO in May 2024. The company raised ₹24.12 crore in total and has utilized the proceeds largely as planned. Of the ₹14 crore allocated for acquiring equity shares of Jet Inks Private Limited, ₹13.99 crore has been used, with a small balance of ₹32,367 pending due to an ongoing RBI compliance process. The remaining ₹10.12 crore, earmarked for repayment of borrowings (₹3.72 crore) and general corporate purposes (₹6.40 crore), has been fully utilized. The statement was reviewed by the Audit Committee and approved by the Board on May 23, 2025.
This is a routine compliance filing that reassures shareholders that IPO proceeds were used in line with the stated objectives, with no material misuse. The minor pending payment is negligible and unlikely to affect the stock price, but the ongoing RBI compliance process for the Jet Inks acquisition may be worth monitoring.