Statement of Deviation or Variation in the use of proceeds of Initial Public Issue is enclosed.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nanta Tech Limited has submitted its quarterly utilization report for the IPO proceeds raised on December 29, 2025. The company raised Rs. 3,181.20 lakhs through its SME IPO. The filing confirms there is NO deviation or variation in the use of proceeds—all funds were deployed for the objects stated in the prospectus. The audit committee reviewed and approved the statement. Out of the total raised: Rs. 1,325.13 lakh was used for capital expenditure (experience centre, with Rs. 79.64 lakh still unutilized), Rs. 1,050 lakh for working capital, Rs. 316.71 lakh for general corporate purpose, and Rs. 409.72 lakh for issue-related expenses. Total utilization stands at Rs. 3,101.56 lakh. A statutory auditor certificate from M B Jajodia & Associates was also enclosed confirming proper utilization.
Positive for investors—the company has demonstrated fund discipline with proper utilization of IPO proceeds as committed, with only Rs. 79.64 lakh remaining unutilized for the experience centre project which appears to be ongoing.