Statement of Deviation or Variation under Regulation 32 of SEBI (LODR) Regulations, 2015
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Awaiting price reaction for this filing.
RDB Rasayans has submitted a routine quarterly compliance filing for the quarter ended 31st March 2025, confirming there is no deviation or variation in the use of funds raised through its 2011 IPO (which raised ₹35.55 crore). The IPO proceeds were meant for three purposes: expanding manufacturing capacity at Haldia Unit-II (₹2,780.83 lakhs allocated), general corporate purposes (₹501.29 lakhs), and issue expenses (₹498.49 lakhs). Partial utilization figures are shown, but no deviation from stated objects has been reported and no audit committee or auditor qualifications have been flagged. No monitoring agency was appointed for the issue.
This is a routine compliance confirmation with no negative signals — no deviation means IPO money continues to be used as originally planned. The fact that the 2011 IPO funds are still being partially deployed even after 13+ years is worth noting but not a concern flagged by the company.