Regaal Resources Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
REGAAL · price
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Regaal Resources Limited has filed its Q4 FY26 (quarter ended 31 March 2026) statement of deviation in utilization of IPO proceeds. The company raised Rs. 209.99 crore via IPO on 20 August 2025 and has utilized Rs. 209.35 crore so far. There is a minor deviation of Rs. 0.06 crore — funds allocated to General Corporate Purpose (GCP) slightly exceeded the original budget (Rs. 28.14 crore planned vs Rs. 28.20 crore utilized), offset by a small under-spend on IPO issue expenses. The deviation is under 10% of the projected amount and does not require shareholder approval. The Audit Committee reviewed and commented on it on 27 May 2026, with no objections raised. The monitoring agency is Care Ratings Limited.
The deviation is minor and within permissible limits, unlikely to have any significant negative impact on the stock. However, investors should note the over-utilization in GCP and monitor future fund deployment against stated objects.