Non-applicability of Statement for Deviation or Variation under Regulation 32 of the SEBI (LODR) Regulations, 2015
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Niks Technology Ltd has filed a confirmation with BSE stating that there was no deviation or variation in the use of proceeds from its Initial Public Offer (IPO) and Preferential Issue. The company stated that funds were utilized as intended, and therefore it is not required to file a Statement of Deviation or Variation for the quarter and year ended March 31, 2026. This is a routine compliance filing under SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations. The filing was signed by Managing Director Manish Dixit and submitted on May 30, 2026.
This is a neutral filing indicating proper fund utilization with no red flags. For shareholders, this confirms that the company deployed IPO and Preferential Issue proceeds as promised in the offer documents, which is a positive compliance indicator.