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Awaiting price reaction for this filing.
Patron Exim Limited filed a regulatory disclosure confirming that there is no deviation or variation in the use of proceeds from its IPO, which raised Rs. 16.68 Crores in March 2023. Out of the total, Rs. 11.47 Crores was allocated and fully utilized for working capital requirements, and Rs. 3.80 Crores was allocated and fully utilized for general corporate purposes — both exactly matching the original plan. For issue-related expenses, Rs. 1.18 Crores has been used out of the Rs. 1.42 Crores originally allocated, leaving a small unutilized balance of Rs. 0.24 Crores. The statement was reviewed by the Audit Committee and taken on record by the Board of Directors at their meeting held on 12 November 2025. This is a routine half-yearly compliance filing under SEBI's Listing Obligations and Disclosure Requirements Regulations.
This is a neutral, routine compliance filing — funds are being used as originally disclosed in the IPO prospectus, with no misuse or diversion. No negative implications for shareholders; the minor unutilized amount in issue expenses is normal and not a concern.