Pursuant to Regulation 32(1) of the SEBI (LODR) Regulations, 2015, we hereby enclose the statement of Deviatio or Variation for the Quarter ended March 31, 2026 in respect of the utilisation ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shree Refrigerations Ltd has filed a statement confirming no deviation or variation in the utilisation of Rs. 9,451.25 lakh (approximately Rs. 94.5 crore) raised through its Initial Public Offering (IPO) on July 31, 2025. The funds have been fully deployed across three stated objects: Working Capital Requirements (Rs. 700 lakh), General Corporate Purpose (Rs. 100 lakh), and Issue Related Expenses (Rs. 1,451.25 lakh). CARE Ratings Limited is the monitoring agency. The Audit Committee reviewed the statement on May 25, 2026, and the Board of Directors took it on record the same day. Both the Audit Committee and auditors have no comments, indicating clean utilisation of IPO proceeds.
Positive signal for shareholders — the company has deployed all IPO funds exactly as disclosed in the offer document with zero deviation, demonstrating adherence to stated objectives and proper corporate governance.