Belrise Industries Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
BELRISE · price
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Belrise Industries Limited has submitted its Q4 FY26 (quarter ended March 31, 2026) report on utilization of IPO proceeds. The company raised Rs. 21,500 million (net Rs. 20,286.12 million) through its IPO in May 2025. The filing confirms there is NO deviation in the use of funds from the disclosed objects. The company fully deployed Rs. 15,960.21 million for debt repayment and Rs. 4,321.64 million for general corporate purposes. Minor adjustments were made: debt repayment was slightly lower (Rs. 15,960.21 million vs planned Rs. 16,181.27 million) due to actual loan outstanding, with the difference of Rs. 221.06 million reallocated to general corporate purposes. Only Rs. 4.27 million remains unutilized. Issue expenses of Rs. 779.47 million have been paid so far out of Rs. 1,213.88 million estimated.
This is a routine compliance filing confirming proper deployment of IPO funds. The company appears to have executed its fund utilization plan as promised, with minor adjustments within permitted limits. No material concern for shareholders as no unauthorized deviation was found. The audit committee review shows nil comments, indicating smooth fund utilization.