Statutory Auditor Certification on statement of deviation or variation in utilization of funds as on half-year ended 30th September, 2025 under Regulation 32 of the SEBI (LODR) Regulations, 2025.
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Paradeep Parivahan Limited has submitted the statutory auditor's certificate confirming the utilization of funds raised through its Initial Public Offer (IPO), which listed on BSE's SME platform on March 24, 2025. The company raised Rs. 4,486.44 Lakhs from the IPO, of which Rs. 4,480.44 Lakhs has been utilized towards the stated objects of the issue (working capital, capital expenditure, general corporate purposes, and offer-related expenses) as of September 30, 2025. The remaining unutilized amount of Rs. 6.00 Lakhs continues to lie in the designated Public Issue Account maintained with a scheduled commercial bank. The auditor confirmed that no part of the IPO proceeds has been temporarily invested or diverted for purposes other than those disclosed in the prospectus, indicating no deviation or variation from the stated objects.
This is a routine regulatory compliance filing under SEBI LODR Regulation 32 and signals responsible use of IPO proceeds with no misuse or diversion. For shareholders, it reinforces confidence in the company's fund management discipline, though the small unutilized balance (Rs. 6 Lakhs) suggests near-complete deployment of IPO funds. No material price-moving impact is expected as this is a confirmatory disclosure.