Statement of Deviation(s) or Variation(s) for the half year ended on 30th September,2025 with CA Certificate
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Awaiting price reaction for this filing.
L.K. Mehta Polymers has filed a compliance statement confirming that there is no deviation or variation in the use of IPO proceeds for the half year ended 30 September 2025. The company raised Rs. 7.38 crore through its public issue on 21 February 2025, of which Rs. 6.62 crore has been utilized so far, primarily towards working capital requirements (Rs. 207.32 lakh spent on raw materials) and issue expenses (Rs. 2.19 lakh). The remaining Rs. 76.59 lakh (unutilized amount) is parked in a fixed deposit with HDFC Bank. The statement was reviewed by the Audit Committee and Board on 14 November 2025 and certified by statutory auditors DCJ & Associates.
This is a routine regulatory filing under SEBI Listing Regulations confirming disciplined and on-track use of IPO funds. For shareholders, it provides assurance that the company is using IPO proceeds as stated in the offer document with no diversions, though it is largely procedural and unlikely to move the stock price.