Statement on Deviation or Variation of Funds - There is no deviation or Variation of Funds.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Elfin Agro India Limited raised Rs 2,502.75 lakhs through its IPO on March 10, 2026. As of March 31, 2026, Rs 1,447.75 lakhs (57.8%) has been utilized — Rs 1,432.61 lakhs for working capital and Rs 105.14 lakhs for issue-related expenses. Rs 500 lakhs (working capital) and Rs 115 lakhs (issue expenses) remain unutilized and are parked in fixed deposits, to be deployed in FY 2026-27. The Audit Committee and Board reviewed and confirmed there is no deviation in fund usage. An auditor's utilization certificate has also been issued.
No cause for concern — funds are being deployed as per stated objects, with unutilized amounts temporarily in FDs and earmarked for future use. This is a routine filing with no negative implications for shareholders.