We hereby attach the statement of deviation or variation in respect of IPO dated 8th October 2025
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Chiraharit Ltd has filed a compliance statement confirming that there is NO deviation in the utilization of IPO proceeds from the objects mentioned in the Prospectus dated 23rd September 2025. The company raised Rs. 3,107.16 Lakhs through its IPO on 8th October 2025. Of this, Rs. 2,115.27 Lakhs has been utilized so far. The balance funds totaling approximately Rs. 991.89 Lakhs are temporarily parked in Bank Fixed Deposits for their intended purposes - Rs. 391.89 Lakhs for capital expenditure completion, Rs. 580.88 Lakhs for upcoming working capital needs, and Rs. 19.12 Lakhs for future corporate overheads. The Audit Committee reviewed and confirmed no deviation in fund utilization.
Positive signal for shareholders as the company is deploying IPO funds strictly according to its stated objects. The unutilized amounts are temporarily parked in FDs rather than being diverted, indicating disciplined capital management.