Statement of Deviation(s) or variation(s) for the quarter ended March 31, 2026 under Regulation 32 of SEBI (LODR) Regulation, 2015
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Marc Loire Fashions Ltd, listed on BSE SME platform (Scrip Code: 544437), has filed a compliance statement confirming no deviation or variation in the utilization of IPO proceeds. The company raised Rs. 2,100 lakhs through an SME IPO on July 7, 2025, issuing 21 lakh equity shares at Rs. 100 per share. As of March 31, 2026, Rs. 1,520.48 lakhs (72.4%) has been utilized out of the total raised. The largest allocation of Rs. 526.88 lakhs was for retail expansion (15 new EBOs), with Rs. 199.43 lakhs utilized and Rs. 327.45 lakhs still unutilized. Working capital requirements of Rs. 935.22 lakhs saw Rs. 900.13 lakhs utilized. Issue expenses of Rs. 224.50 lakhs have been fully spent. Unutilized funds of Rs. 579.52 lakhs are held in escrow accounts (Kotak Bank and Canara Bank) and invested in Zero Coupon Bonds.
This is a routine compliance filing with no negative implications for shareholders. The confirmation of no deviation in fund utilization indicates proper governance and adherence to IPO commitments. The significant unutilized balance (Rs. 579.52 lakhs) reflects the ongoing nature of the expansion plans.