please find attached statement of deviation or variation as per reg. 32for the quarter ended 31st march ,2026
SRTL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shree Ram Twistex Ltd has filed a compliance statement confirming no deviation or variation in the use of IPO proceeds. The company raised Rs 11,024 lakh (approximately Rs 110 crore) through its IPO with allotment on 26th February 2026 and listing on 2nd March 2026. For the quarter ended 31st March 2026, the company reports that funds are being utilized as per the original objects - solar power plant fully utilized at Rs 734.55 lakh, working capital and borrowings repayment also fully utilized. The wind power plant project shows Rs 500 lakh utilized out of Rs 3,900 lakh allocated, with Rs 3,400 lakh still lying in the public offer account with Axis Bank. Issue expenses show a minor unspent balance of Rs 0.45 lakh. Crisil Ratings is the monitoring agency.
Positive signal for shareholders - the company confirms funds have not been diverted from stated IPO objects. The wind power project is progressing slower than planned but funds remain in the designated account, indicating proper fund management. No regulatory concerns expected.