Shree Ram Twistex Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
SRTL · price
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Shree Ram Twistex Limited has submitted a compliance statement confirming no deviation or variation in the use of IPO proceeds for the year ended March 31, 2026. The company raised Rs 11,024 lakh through its IPO (allotment February 26, 2026; listing March 2, 2026). Of the allocated funds, Rs 1,489 lakh was used for debt repayment, Rs 4,400 lakh for working capital, Rs 500 lakh for issue expenses, and Rs 500 lakh for the wind power plant. The wind power plant project shows Rs 3,400 lakh still lying in the public offer account with Axis Bank, indicating ongoing deployment rather than any deviation. A solar power plant allocation of Rs 734.55 lakh remains unutilized but shows no deviation either. The monitoring agency is Crisil Ratings Limited.
Positive signal for investors as the company has properly utilized IPO funds according to the stated objects without any deviation, demonstrating adherence to capital deployment commitments made in the prospectus.