Rashi Peripherals Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Awaiting price reaction for this filing.
Rashi Peripherals has filed a NIL statement of deviation or variation in the use of its IPO proceeds for the quarter ended June 30, 2025, as required under SEBI LODR Regulation 32. The company raised ₹600 crore through its IPO in February 2024. Of this, ₹326 crore earmarked for repayment of borrowings and ₹220 crore for working capital have been fully utilized. For General Corporate Purposes (GCP), only ₹2.62 crore has been used out of the ₹8.14 crore allocated, leaving ₹5.52 crore unutilized. The original FY2024 deadline for GCP spending was extended via a board resolution dated April 21, 2025, pushing the timeline to the end of FY2026 or thereafter. The audit committee and auditors have no comments on the filing.
No material deviation reported, which is a positive compliance signal, but the ₹5.52 crore idle in the GCP bucket and a deadline extension may draw mild investor attention to capital allocation discipline. Near-term stock impact is likely neutral.