Statement of Deviation (s) or Variation (s) for the half year ended 31st March 2026.
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Awaiting price reaction for this filing.
L.K. Mehta Polymers Limited has filed a statement confirming there were no deviations or variations in the use of IPO proceeds. The company raised INR 7.38 crore through a public issue on 21 February 2025. As of 31 March 2026, INR 7.28 crore has been utilized — primarily for working capital requirements — while INR 10 lakh remains unutilized, parked in a Fixed Deposit with HDFC Bank. The statement was reviewed and approved by the Audit Committee and Board of Directors on 29 May 2026. The statutory auditors DCJ & Associates have certified the utilization.
No negative shareholder impact — the IPO funds are being used as stated in the offer document with no deviations reported. The unutilized INR 10 lakh is appropriately parked in a fixed deposit.