We hereby submitting NIL statement of Deviation in the utilization of IPO Proceeds.
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Awaiting price reaction for this filing.
Shiv Texchem Ltd has filed a NIL statement of deviation confirming that the proceeds from its IPO are being used in line with the objects stated in the prospectus. The company raised Rs. 101.35 Crores through its IPO, which was conducted in October 2024. The filing covers the half year ended March 31, 2025, and is submitted as per SEBI Regulation 32 requirements. No deviation or variation has been reported in either the purpose or the amount of funds utilised. The statement is signed by Managing Director Vikas Pavankumar.
This is a routine compliance filing with no material impact on the stock. It reassures shareholders that IPO funds are being deployed as originally promised, but carries no new financial information or catalyst for price movement.