Statement of deviation(s) or Variation (s) for the quarter ended March 31, 2026
REGAAL · price
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Regaal Resources Limited has filed a statement of deviation in utilization of IPO proceeds raised in August 2025. The company raised Rs. 209.99 crore through IPO and has reported a minor over-utilization of Rs. 0.06 crore towards General Corporate Purpose (GCP), which had an original allocation of Rs. 28.14 crore. This over-utilization was funded from funds available for other objects. The deviation was reviewed by the Audit Committee on May 27, 2026, and both the committee and auditors had no comments. The deviation remains within the 10% threshold mentioned in the offer documents, and no shareholder approval was required as there was no change in terms of contracts or objects.
The minor deviation of Rs. 0.06 crore (less than 0.03% of total IPO proceeds) is immaterial and well within regulatory thresholds, suggesting the IPO funds are being deployed largely as intended with no material concerns for investors.