Statement of Deviation and Variation for the Half Year ended September 30, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sahara Maritime has filed a routine SEBI compliance statement confirming there is no deviation or variation in the end use of funds raised through its SME-IPO in December 2023. The company had raised around Rs. 6.88 crore via the public issue, with allocations towards capital expenditure (Rs. 32.68 lakhs), working capital (Rs. 483.70 lakhs), general corporate purposes (Rs. 80 lakhs), and issue expenses (Rs. 91.80 lakhs). Working capital, GCP and issue expense portions have been fully utilized, while only Rs. 0.50 lakhs has been deployed so far towards capital expenditure (commercial vehicles and office equipment). The Audit Committee and auditors have not raised any objections, and no monitoring agency was applicable since the issue size is below the threshold.
This is a routine half-yearly compliance disclosure and is broadly neutral for shareholders. The materially low utilization under the capital expenditure head could raise minor questions about deployment pace, but since the company itself has not flagged it as a deviation, it carries limited immediate price impact.