Statement of Material Deviation and Variation in utilization of issue proceeds of public issue for the quarter ended on March 31, 2026
LAXMIINDIA · price
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Laxmi India Finance Limited, formerly a private company, filed its quarterly compliance report confirming that there has been no deviation or variation in the utilization of IPO proceeds. The company raised Rs. 165.17 crores through its Initial Public Offer (IPO) which was allotted on August 1, 2025 and listed on both BSE and NSE on August 5, 2025. CARE Ratings Limited is the monitoring agency for the IPO proceeds. The audit committee and auditors have both confirmed nil comments after reviewing the utilization. This filing is a standard quarterly compliance requirement under SEBI LODR regulations for listed companies that have raised funds through public issues.
No deviation in IPO fund utilization is a positive indicator for shareholders, showing the company is deploying raised capital as per its stated objectives without any changes to the original deployment plan.