Statement of deviation or variation SEBI LODR
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Nilachal Carbo Metalicks has confirmed that there was no deviation or variation in the use of proceeds from its IPO, which raised Rs. 22.10 crore on September 16, 2025. The audit committee reviewed and approved this statement on November 13, 2025, with auditors raising no objections. As of September 30, 2025, none of the IPO funds have been utilised yet against the three stated objects: Rs. 1,346 lakhs for a new Coke Oven Plant, Rs. 303.31 lakhs for modernising the existing plant, and Rs. 267.46 lakhs for general corporate purposes. The full allocated amount is still pending deployment.
For retail investors, this is a routine regulatory compliance update. The 'no deviation' confirmation is reassuring, but the fact that zero funds have been utilised two weeks after the IPO closes means investors should watch for upcoming quarterly updates on actual deployment progress, especially for the Rs. 13.46 crore coke oven plant expansion.