Statutory Auditor Certificate for use of funds raised through IPO for the Quarter ended 31.12.2025 pursuant to Regulation 262 of SEBI (ICDR) Regulation, 2018.
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Awaiting price reaction for this filing.
Bhavik Enterprises has submitted a statutory auditor certificate to BSE confirming the use of money raised through its IPO as of 31 December 2025. The company had raised a total of ₹5,460.18 Lakhs through the IPO, of which ₹2,794.57 Lakhs (about 51%) has been utilised so far. Of the ₹4,750 Lakhs earmarked for working capital needs, ₹2,794.57 Lakhs has been deployed, while none of the ₹710.18 Lakhs meant for general corporate purposes has been used yet. The remaining unutilised funds are temporarily parked in fixed deposits with scheduled banks. The certificate was issued by M Parashar & Co., Chartered Accountants, and confirms that the funds have been used in line with the purposes stated at the time of the IPO.
This is a routine regulatory compliance filing and does not change the business outlook. However, shareholders should note that nearly half of the IPO proceeds, including the entire General Corporate Purposes allocation, remain undeployed, which may be relevant if timely use of funds was an expectation.