We hereby inform that during the Half Year ended 31st Mar 2026, there are no Statement of Deviation/variations reported
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BharatRohan Airborne Innovations Limited has submitted a 'nil deviation' statement to BSE, confirming that IPO proceeds have been utilised as per the objects disclosed in the prospectus dated 26th September 2025. The total IPO proceeds were Rs. 3,979.29 Lakhs, of which Rs. 2,735.90 Lakhs has been utilised by 31st March 2026, leaving Rs. 1,243.39 Lakhs pending. Working Capital requirement (Rs. 1,668 Lakhs) has been fully deployed. Capital expenditure on equipment (Rs. 342.84 Lakhs of Rs. 1,420.62 Lakhs) and general corporate purpose (Rs. 45 Lakhs of Rs. 661.48 Lakhs) are partially deployed. The statement is certified by CA Shobhit Rajul Dave of Keyur Shah & Associates and reviewed by the Audit Committee on 30th May 2026.
No deviation from stated IPO fund utilisation is positive for investor confidence as it indicates disciplined capital deployment. The partial deployment of equipment and corporate purpose funds suggests ongoing execution of planned activities, with remaining funds likely to be deployed over subsequent periods.