Jinkushal Industries Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
JKIPL · price
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Jinkushal Industries Limited has submitted its quarterly statement confirming no material deviation in IPO fund utilization for Q4 FY26 (ending March 31, 2026). The company raised Rs. 116.15 crore via IPO in September-October 2025. Of the Rs. 104.55 crore raised through Fresh Issue, Rs. 72.45 crore was used for working capital (Rs. 23 lakh unutilized), Rs. 21.49 crore for general corporate purposes (Rs. 7 lakh overutilized), and Rs. 10.61 crore for offer expenses (Rs. 16 lakh overutilized). Minor variances exist but all remain within the 10% threshold. The Audit Committee reviewed and the Board took the statement on record on May 29, 2026. Statutory auditors Singhal & Sewak and monitoring agency CARE Ratings Limited have verified the utilization.
This is a positive compliance filing confirming IPO proceeds have been deployed largely as promised in the prospectus. The minor variances in GCP and offer expenses are within acceptable limits and do not require shareholder approval. This should provide comfort to investors about proper fund stewardship.