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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Paradeep Parivahan Limited has filed a nil-deviation statement confirming that IPO proceeds of Rs. 44.86 crore (raised on March 24, 2025) have been utilised as per the stated objects in the prospectus. The funds were earmarked entirely for working capital requirements. The company utilised Rs. 4,480.44 lakh, with only Rs. 6 lakh remaining unutilised in the designated Public Issue Account. The statutory auditors (RKP Associates) have certified that funds were deployed solely for the stated purpose with no temporary investment or diversion. The statement was reviewed by the Audit Committee and taken on record by the Board on May 22, 2026.
This is a positive regulatory filing indicating proper fund deployment and compliance. The small unutilised balance of Rs. 6 lakh (0.13% of IPO proceeds) suggests near-complete utilisation for working capital. Shareholders can view this as clean utilisation of IPO capital without any deviation concerns.