Statement of Deviation and Variation
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sampat Aluminium Limited has filed its first post-IPO statement of deviation/variation covering the period ending 31st March 2026. The company raised ₹30.53 crore (₹3052.80 Lakhs) through its IPO on 24th September 2025. Of this, ₹27.02 crore has been utilized, leaving ₹3.50 crore unutilized. Capital expenditure of ₹20.85 crore (out of ₹23.32 crore allocated) has been deployed towards setting up a new manufacturing facility in Borisana, Kadi, Mehsana, Gujarat — construction is stated as under process. General corporate purpose funds (₹4.50 crore) have been fully utilized, while issue expenses (₹2.71 crore) are partially utilized at ₹1.68 crore. The company has explicitly confirmed there is NO deviation or variation in the use of IPO proceeds. The filing includes an auditor's certificate from S.N. Shah & Associates.
No cause for concern — the IPO proceeds are being deployed largely as planned with no deviation reported. The unutilized balance (~₹3.5 crore) appears to be timing-related as factory construction continues.