Statement of deviation(s) or Variation(s) under Regulation 32 of SEBI (LODR) Regulations, 2015 for the quarter ended 30th June, 2025
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RDB Rasayans Ltd has filed a quarterly compliance statement reporting how it has used the money raised from its IPO in September 2011 (₹35.55 crore total). The company confirms there is no deviation or variation from the original purpose for which the IPO funds were raised. So far, it has utilised ₹10.25 crore of the ₹27.81 crore earmarked for capital expenditure, ₹2.73 crore of ₹5.01 crore for expanding manufacturing capacity (Unit-II, 7450 MTPA), and ₹1.92 crore of ₹4.98 crore for general corporate purposes. No monitoring agency was appointed for this issue.
This is a routine compliance filing with no red flags — the company states IPO proceeds are being used as originally planned. The relatively slow utilisation across all three objects (well under 50% utilised more than 13 years after the IPO) is notable but not flagged as a deviation by the company or its audit committee.