Statement of Variation and Deviation for Half Year ending on 31st March, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Nexxus Petro Industries Limited has filed its half-yearly statement confirming no deviation in the utilization of IPO proceeds for the period ending March 31, 2026. The company raised Rs. 19.42 Crores through its IPO conducted in September-October 2024. Of this, Rs. 1,600 Lakhs was allocated for working capital requirements and has been fully utilized. Rs. 148.63 Lakhs was allocated for General Corporate Purpose, with Rs. 144.29 Lakhs utilized and Rs. 4.34 Lakhs remaining unutilized. Issue expenses of Rs. 194.29 Lakhs were fully utilized. The Audit Committee reviewed the statement and provided nil comments.
The filing confirms proper deployment of IPO funds largely as per the prospectus, which is a positive indicator for shareholders and investors. The small unutilized amount of Rs. 4.34 Lakhs in General Corporate Purpose is minimal and does not suggest any material concern.