Reg 32 of SEBI (LODR) Regulations 2015, Intimation to BSE that there is no deviation or variation in utilization of proceeds by the Company for the half year and year ended as on 31st March 2026.
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JD Cables Limited has filed a confirmation with BSE stating there are no deviations or variations in the utilization of IPO proceeds for the half and year ended 31st March 2026. The company raised Rs 8,441.47 Lakhs through its Initial Public Offering on 23rd September 2025. The funds have been deployed exactly as per the stated objects: Rs 4,500 Lakhs for working capital, Rs 2,600 Lakhs for repayment of borrowings, Rs 754 Lakhs for general corporate purpose, and Rs 587.47 Lakhs for public issue expenses. The Audit Committee has reviewed and given a favourable compliance remark, with no comments from auditors.
Positive signal for shareholders - the company has utilized IPO funds as committed in the prospectus with full transparency and no deviations, indicating proper governance and compliance with listing regulations.