Statement of deviation or variation as per Reg 32 SEBI LODR
Price
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Awaiting price reaction for this filing.
Paradeep Parivahan has confirmed to the BSE that there was no deviation or variation in the use of its IPO proceeds during the half-year ended September 30, 2025. The company raised Rs. 44.86 crore through its IPO on March 24, 2025, earmarked entirely for working capital requirements. Out of the total funds raised, Rs. 44.80 crore has already been utilised strictly in line with the original disclosed object. The statement was reviewed by the Audit Committee and taken on record by the Board at their meeting on November 12, 2025.
This is a routine compliance filing that signals disciplined use of IPO money and good governance, which is mildly positive for investor confidence. It is unlikely to cause any meaningful movement in the stock price on its own.