Statement of Deviation or Variation as on March 31, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
NIS Management Ltd has filed a nil-deviation statement confirming that IPO proceeds of Rs. 5,174.82 Lakhs (raised on August 28, 2025) have been utilized as per the disclosed objects in the prospectus. As of March 31, 2026, the company has utilized Rs. 1,483.48 Lakhs, with Rs. 3,691.34 Lakhs remaining unutilized. Working capital utilization is low at Rs. 788.71 Lakhs out of Rs. 3,600 Lakhs allocated (22%), while general corporate purpose funds (Rs. 955.85 Lakhs) have been fully deployed. Offer-related expenses slightly exceeded budget by Rs. 75.80 Lakhs. The auditor KGRS & Co. has certified that unutilized funds are parked in fixed deposits and current accounts with scheduled banks, with no proceeds deployed for purposes other than stated objects.
No deviation detected — the company is following its stated utilization plan. The large unutilized balance (71% of IPO proceeds) parked in bank deposits suggests the company is in an early deployment phase, which is typical for newly listed companies. Shareholders can expect gradual working capital deployment in upcoming quarters.