Statement of Deviation and Variation as on 31.03.2026.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Om Metallogic Limited has filed its yearly compliance report on use of IPO money raised on October 3, 2025. The company raised Rs. 22.35 crore through its IPO and has fully utilised all proceeds as per the objects stated in the prospectus dated September 23, 2025. Funds were deployed across five heads: Rs. 2.31 crore for new machinery, Rs. 8.75 crore for working capital (Rs. 25 lakh over and above the planned amount), Rs. 6 crore for repaying borrowings, Rs. 3.33 crore for general corporate purposes, and Rs. 1.95 crore for issue expenses. Savings of about Rs. 25 lakh from lower issue expenses were redirected to working capital needs, and Rs. 1.03 crore of the capex allocation was paid as an advance for asset acquisition. The statutory auditor and the Audit Committee (meeting held June 9, 2026) have both confirmed no material deviation from the stated objects.
This is a routine positive compliance filing — it confirms the company used shareholder money exactly as promised at the time of the IPO, which builds trust. No negative signal for the stock; the small reallocation of savings into working capital is normal and well within regulatory norms.