In accordance with Regulation 32 of SEBI (LODR) Regulations, 2015 the statement of Deviation(s) or Variation(s), if any of the IPO Proceeds raised by the Company for the quarter ended 31st ....
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RDB Rasayans Ltd has filed a quarterly compliance statement under SEBI (LODR) Regulations confirming there has been no deviation or variation in the use of funds raised through its IPO in September 2011, for the quarter ended December 2025. The company had raised ₹35.55 Crore via public issue and earmarked it for capital expenditure, enhancing manufacturing capacity by 7,450 MTPA through Unit-II, and general corporate expenses. As reported, ₹1,045.77 Lacs of the ₹2,780.83 Lacs allocated for capital expenditure has been utilised, ₹498.49 Lacs for the manufacturing capacity expansion, and ₹192.11 Lacs of the ₹272.88 Lacs allocated for general corporate expenses. No monitoring agency was appointed and no shareholder approval for change of objects was required.
This is a routine regulatory filing with no negative news — confirming zero deviation means the company is using IPO funds as originally stated. However, shareholders may note that over 14 years after the IPO, a substantial portion of the originally allocated funds remains unutilised, particularly for capital expenditure, which could prompt questions about project execution timelines.