Statement of Deviation and Variation for the Quarter ended 31.12.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bhavik Enterprises filed a SEBI Regulation 32 statement confirming no deviation or variation in the use of funds from its public issue (September 2025). Total amount raised was Rs. 5,460.18 lakhs across two stated objects: Rs. 4,750 lakhs for funding working capital requirements and Rs. 710.18 lakhs for general corporate purposes. As of 31 December 2025, the company has utilised Rs. 2,794.57 lakhs (about 59%) for working capital and Rs. 0 lakhs for general corporate purposes in this quarter. The unutilised balance is temporarily parked in fixed deposits with scheduled banks. Infomerics Valuation and Rating Limited is the monitoring agency, and there are no comments from the audit committee or auditors.
Routine compliance filing – confirms IPO funds are being used as originally disclosed with no diversion, which is mildly positive for governance confidence. However, only about 59% of working capital funds and none of the general corporate purposes funds have been deployed so far, suggesting slower-than-expected utilisation that investors should track in coming quarters.