BSECFF Fluid Control LtdMinimalNeutral
Announced Fri, 14 Nov · 14:48 IST

Statement of Deviation(s) or variation(s) for the quarter ended September 30, 2025 under Regulation 32 of SEBI (LODR) Regulations, 2015

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

CFF Fluid Control Ltd, which raised Rs. 87.75 crore through a public issue (IPO) in July 2025, has filed a deviation statement with BSE for the half year ended September 30, 2025. The funds were originally earmarked for Working Capital (Rs. 72.60 crore), General Corporate Purpose (Rs. 8.33 crore), and Issue Expenses (Rs. 6.82 crore). The company reported a minor deviation: it saved Rs. 27.51 lakh on issue expenses and redirected this unutilized amount toward General Corporate Purpose, increasing actual spend there to Rs. 8.57 crore against the original Rs. 8.33 crore. The deviation was not based on any shareholder-approved change in objects, and the Audit Committee had no comments. The full working capital allocation of Rs. 72.60 crore has been utilized as planned.

Likely market impact

This is a routine, minor reallocation — savings from lower-than-expected IPO issue expenses were redirected to general corporate use, which is a benign, non-material event. No negative signal for shareholders; the core working capital objective is fully funded and on track.