Statement of Deviation or Variation of funds under Regulation 32, there were no deviation or variation as approved by the Board as on 30th September 2025
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Awaiting price reaction for this filing.
JD Cables Ltd has filed a regulatory compliance statement confirming that there has been no deviation or variation in the utilisation of proceeds raised from its Initial Public Offering (IPO) conducted on 23 September 2025. The company raised Rs 8,441.47 lakhs (~Rs 84.41 crore) through the IPO. The Audit Committee reviewed the half-yearly utilisation statement and gave a favourable remark, confirming the company is in compliance with SEBI regulations. Out of the IPO proceeds, Rs 4,500 lakhs was earmarked for working capital, Rs 2,600 lakhs for repaying/pre-paying borrowings, Rs 754 lakhs for general corporate purposes, and Rs 587.47 lakhs for public issue expenses (of which Rs 569.20 lakhs has already been utilised). CRISIL Ratings is acting as the monitoring agency.
This is a routine compliance filing that reassures shareholders that management is using IPO funds exactly as promised in the prospectus. No negative implications for shareholders; the disclosure supports transparency and governance, though it is unlikely to cause any significant stock price movement on its own.