Statement of Deviation and Variation for the Half Year ended March 31, 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 report confirming there is no deviation or variation in the use of funds raised through its SME IPO in December 2023. The company raised Rs. 6.88 crore, originally earmarked for capital expenditure on commercial vehicles and office equipment (Rs. 32.68 lakhs), working capital (Rs. 483.70 lakhs), general corporate purposes (Rs. 80 lakhs), and issue expenses (Rs. 91.80 lakhs). Utilization has been largely on track: working capital (Rs. 483.70 lakhs), general corporate purposes (Rs. 80 lakhs) and issue expenses (Rs. 91.80 lakhs) appear fully deployed. Only Rs. 0.50 lakhs has been used so far against the Rs. 32.68 lakhs earmarked for capital expenditure, indicating slow deployment in that head. The audit committee and auditors have no adverse comments.
Positive compliance signal — the company is fully using IPO proceeds as disclosed, with no misallocation. The minimal capital expenditure deployment is a minor watchpoint but is not flagged as a deviation, so it should not materially affect the stock in the short term.