Statement on deviation or variation of funds as on September,2025
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Awaiting price reaction for this filing.
NIS Management Ltd has filed a statement confirming there is no deviation or variation in the use of IPO funds for the half year ended September 30, 2025. The company raised Rs. 5,174.82 lakhs through its IPO in August 2025 and listed on BSE SME platform on September 2, 2025. As of September 30, 2025, only Rs. 740.58 lakhs (about 14%) has been utilized, while Rs. 4,434.24 lakhs remains unutilized and parked in the designated Public Issue Account. Of the utilized amount, Rs. 618.97 lakhs went toward offer-related expenses (fully used), and Rs. 121.61 lakhs was deployed toward working capital. The working capital allocation of Rs. 3,600 lakhs and general corporate purpose allocation of Rs. 955.85 lakhs remain entirely unutilized. An auditor certificate from KGRS & Co confirms compliance with the objects disclosed in the prospectus.
This is a routine compliance filing confirming IPO proceeds are being used as originally planned with no misuse. Shareholders should note that about 86% of IPO funds are still parked in the bank account and not yet deployed, so execution against stated objectives will be tracked in upcoming quarters.