Revised Statement of Deviation and Variation for the quarter and half year ended on 30.09.2025.
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Awaiting price reaction for this filing.
H.M. Electro Mech Ltd has submitted a revised statement of deviation/variation in IPO fund utilization to BSE. The revision corrects a typographical error in the original filing dated 13.11.2025, where Rs. 21.68 lakhs was mistakenly shown as 'Amount of Deviation/Variation' for the quarter; this was actually the balance unutilized working capital amount, and the deviation is now confirmed as Nil. The company raised Rs. 2,774.40 lakhs through a public issue on 31.01.2025, of which Rs. 2,078.32 lakhs was allocated for working capital, Rs. 401.94 lakhs for general corporate purposes, and Rs. 272.46 lakhs for public issue expenses. The company clarified that all IPO proceeds were used for the purposes stated in the prospectus with no actual deviation in fund utilization.
This is a corrective disclosure with no material impact on shareholders — it confirms that IPO funds were deployed as planned. The minor clerical error correction is unlikely to affect the stock price and reinforces that there is no misuse of raised capital.