Statement of Deviation & Variation for half year ended September 30, 2025
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Awaiting price reaction for this filing.
Deepak Chemtex Limited has filed a regulatory statement confirming the utilization of IPO proceeds raised in December 2023. The company raised Rs. 2,304.00 Lakhs through a fresh issue in its IPO (allotment date: December 4, 2023). As of September 30, 2025, the entire Rs. 2,304.00 Lakhs has been fully utilized across the originally stated purposes with no deviation or variation. The allocation includes Rs. 1,250.00 Lakhs for working capital needs, Rs. 497.39 Lakhs for general corporate purposes, Rs. 269.84 Lakhs for capital expenditure in its subsidiary, Rs. 232.27 Lakhs for public issue expenses, and Rs. 54.50 Lakhs for plant and machinery installation.
This is a routine compliance filing confirming that IPO funds were used exactly as promised to investors in the prospectus. No deviation is a positive signal indicating disciplined capital allocation, though the filing itself is unlikely to move the stock price.