Statement of Deviation and Variation confirming that there is no deviation for the quarter ended 31st March 2026
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Luxury Time Limited has filed a compliance statement confirming that there is no deviation or variation in the utilization of IPO proceeds for the quarter ended March 31, 2026. The company raised INR 14.99 Crores through its Initial Public Offer on December 11, 2025. The funds are being monitored by Brickwork Ratings India Private Limited. Both the Audit Committee and auditors have reviewed the utilization and reported nil comments, indicating the proceeds are being deployed according to the originally disclosed objects. This is the first quarterly utilization report since the IPO.
No deviation is a positive signal — it indicates the company is adhering to its stated IPO objectives and deployment plan, which is reassuring for investors who participated in the public issue.