Pursuant to Regulation 32(1) of SEBI (LODR) Regulations, 2015, please find enclosed herewith the Statement of Deviation and Variation in respect of utilization of funds raised through preferential ....
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Awaiting price reaction for this filing.
Ironwood Education Ltd has filed a quarterly compliance statement confirming there is no deviation or variation in the use of funds raised through a preferential issue of equity shares for the quarter ended September 30, 2025. The company had raised Rs. 2.08 crore on February 26, 2025 by allotting 5,77,000 equity shares to public-category investors, against an originally authorized size of up to 11,18,000 shares worth Rs. 4.42 crore — the original allocation was proportionately reduced to match the smaller actual raise. Of the Rs. 2.08 crore raised, approximately Rs. 1.69 crore (~81%) has been deployed so far: Rs. 1.30 crore towards growth opportunities, business expansion, loans/investments in subsidiaries, debt repayment and exigencies, and Rs. 38.71 lakh towards working capital needs. The Audit Committee, at its meeting on November 13, 2025, reviewed and noted that funds are being used in line with the disclosed purpose. No monitoring agency was appointed, as the issue size did not require one.
This is a routine SEBI LODR compliance filing and is unlikely to move the stock price. The clean audit committee confirmation of no fund-use deviation is a mild positive signal on corporate governance and disclosure quality for existing shareholders.