Statment of Deviation or Variation in utilization of funds raised.
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Praruh Technologies Ltd filed its deviation/variation statement for IPO funds for the half year ended September 30, 2025. The company raised Rs 2,349.90 Lakhs through its IPO of 37,30,000 equity shares at Rs 63 each (Rs 10 face value + Rs 53 premium), which opened from September 23-26, 2025, with shares listing on BSE SME platform on October 01, 2025. No deviation or variation was reported. Funds were allocated to repayment of borrowings (Rs 633 Lakhs), general corporate purposes (Rs 281.70 Lakhs), issue expense (Rs 235.20 Lakhs), working capital (Rs 1,100 Lakhs), and unidentified acquisitions (Rs 100 Lakhs). Nil utilization during the period is because the company received IPO proceeds from the escrow account only after October 01, 2025. The Board also approved H1 FY26 unaudited financials and related-party transaction disclosures, and proposed appointing M/s Arora Prem & Associates as internal auditors for FY25-26.
This is a routine compliance filing confirming IPO proceeds are being used as per the stated objects with no deviation. For shareholders, it provides transparency on fund deployment timelines and reassures that the recently listed company (October 2025) has not deviated from its stated use of funds.