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Awaiting price reaction for this filing.
Kenrik Industries Limited has filed a quarterly compliance statement under SEBI LODR Regulation 32 confirming that there were no deviations or variations in the use of proceeds from its SME IPO funds. The company raised Rs. 836.25 lakhs through a public issue on May 9, 2025, allocated entirely toward Working Capital (Rs. 656.25 lakhs) and General Corporate Purposes (Rs. 180.00 lakhs). As of September 30, 2025, the entire Rs. 836.25 lakhs has been fully utilized, with nil unutilized amount and no deviation. The audit committee reported no comments, and no monitoring agency was applicable given the size of the issue.
This is a routine but positive disclosure showing the company has used all IPO funds exactly as promised to shareholders, with no misuse or reallocation. For retail investors, this signals good governance and fund management discipline, though it carries no material impact on stock price as no new business information is disclosed.