Statement of Deviation or Variation of fund Regulation 32 of SEBI (Listing obligation and Disclosure Requirement), 2015
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
L.T. Elevator Limited has filed a nil-deviation statement for the utilization of IPO proceeds for the half year and year ended March 31, 2026. The company raised Rs. 3937.44 lakh via IPO on September 17, 2025. Of the total raised, Rs. 3131.59 lakh (79.5%) has been utilized as of March 31, 2026, with Rs. 806.73 lakh remaining unutilized, primarily in the Working Capital bucket (Rs. 786.12 lakh). All four allocation categories — Working Capital (Rs. 2000 lakh), General Corporate Purpose (Rs. 590 lakh), Investment in subsidiary Park Smart Solutions (Rs. 800 lakh), and Public Issue Expenses (Rs. 547.44 lakh) — show no deviation from the stated objects. No monitoring agency was appointed.
The nil-deviation filing is a routine compliance statement indicating that IPO funds are being deployed as per the disclosed objects. The significant unutilized amount in Working Capital may indicate phased deployment rather than under-utilization, which is typical for newly listed companies.