Divgi Torqtransfer Systems Limited has informed the Exchange regarding 'Attached herewith is the Statement of Deviation for the quarter ended December 31, 2025'.
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Divgi TorqTransfer Systems has informed the exchanges that its Board approved an extension of the timeline for deploying unutilized IPO proceeds earmarked for purchasing equipment and machinery for its manufacturing facilities. Of the ₹150.707 crores originally proposed for this purpose, only ₹70.593 crores has been used as of December 31, 2025, leaving ₹80.114 crores unutilized, now targeted for deployment during FY 2026-2027. The company cited longer supplier lead times due to complex equipment configurations and extended negotiations amid macroeconomic uncertainties as reasons for the delay. The objects of the IPO remain unchanged, and the unutilized funds are parked in permitted interest-bearing instruments.
The delayed deployment of nearly half the earmarked IPO funds signals slower-than-planned capacity expansion, which may temper near-term growth expectations. However, the funds remain safely parked in interest-bearing instruments, so there is no immediate financial risk to shareholders.