Statement of Deviation/Variation in Utilization of funds raised through Initial Public Offer for the half year & year ended on March 31, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Solarium Green Energy Limited, an SME listed on BSE (Security Code: 544354), has filed a statement confirming there is NO deviation or variation in the utilization of IPO funds. The company raised ₹105.04 Crore through an SME IPO on February 11, 2025. For the period ending March 31, 2026, all three allocation categories show 100% utilization — Working Capital Requirements (₹71.00 Cr), General Corporate Purposes (₹25.26 Cr), and Issue Related Expenses (₹8.78 Cr) — with zero unutilized amounts in each. The statement was reviewed and approved by the Audit Committee on May 29, 2026, with both the Audit Committee and auditors providing NIL comments, indicating a clean utilization report with no concerns raised.
No deviation in fund utilization is a positive signal — it suggests the company deployed IPO proceeds as stated in the prospectus without material changes to its stated objectives, which is reassuring for existing shareholders and prospective investors.