BLACKBUCK LIMITED has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
BLACKBUCK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
BlackBuck Limited has filed its quarterly statement confirming no deviation or variation in the utilization of IPO proceeds for Q4 FY26 (quarter ended March 31, 2026). The company raised INR 1,114.722 crore through its IPO in November 2024 (excluding OFS: INR 550 crore). All four stated objects show utilization without material deviation: sales and marketing costs (INR 137.30 crore of INR 200 crore), NBFC subsidiary investment (INR 140 crore fully utilized), product development (INR 45.38 crore of INR 75 crore), and general corporate purposes (INR 121.69 crore of INR 135 crore). The Audit Committee reviewed this on May 19, 2026, and monitoring agency ICRA Limited confirmed compliance.
This is a positive compliance confirmation indicating the company is using IPO funds as promised in the prospectus. No deviation means shareholders can expect funds are being deployed according to the stated growth plans.