We wish to inform you that pursuant to Regulation 32 of SEBI (LODR) Regulations, 2015 we are providing that there is no deviation or variation in utilization of funds raised through Public ....
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Awaiting price reaction for this filing.
Leo Dryfruits & Spices Trading Limited has submitted a routine compliance filing to BSE confirming that there is no deviation or variation in the utilization of proceeds from its public issue (Offer Letter dated December 23, 2024) for the half year ended March 31, 2025. The total funds raised through the public issue were approximately ₹28.12 crore. The statement was reviewed and approved by the company's Audit Committee at its meeting held on May 30, 2025, along with a certificate from the statutory auditors (M/s Bhuwan & Co., Chartered Accountants, dated May 28, 2025). This filing is mandated under Regulation 32 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.
This is a routine, neutral regulatory disclosure with no negative implications for shareholders. It reassures investors that the IPO proceeds are being used as originally stated, which supports management credibility and corporate governance, but is unlikely to move the stock price materially on its own.