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Awaiting price reaction for this filing.
Davin Sons Retail Limited has filed a statement confirming no deviation or variation in the use of funds raised through its public issue. The company raised Rs. 877.8 lakhs on 07/01/2025, with the allotment date being the same. As of the quarter ended 30-09-2025, the company has fully utilised Rs. 136 lakhs for capital expenditure on a warehouse, Rs. 422 lakhs for working capital, and Rs. 108.81 lakhs towards issue-related expenses against an allocation of Rs. 130 lakhs. The general corporate purposes allocation of Rs. 189.8 lakhs has seen Rs. 157.33 lakhs utilised so far, with the remainder likely to be deployed in coming quarters.
No negative impact for shareholders — the company confirms funds are being used in line with the stated objects, with no deviation reported. The partial deployment under general corporate purposes is normal and not a red flag.