Statement of Deviation for the quarter ended December 31, 2025
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Awaiting price reaction for this filing.
Stanbik Agro Limited filed a SEBI-mandated compliance statement confirming there was no deviation or variation in the use of proceeds from its SME IPO for the quarter ended December 31, 2025. The company raised Rs. 12.28 Crore through a public issue on December 19, 2025, with Brickwork Ratings acting as the monitoring agency. Of the total funds, only Rs. 0.46 Crore (~3.7%) had been utilized as of December 31, 2025, leaving Rs. 11.82 Crore unutilized. The major allocations were working capital (Rs. 6.39 Crore, Rs. 0.37 Cr used), retail network expansion (Rs. 3.58 Crore, nothing used yet), and general corporate purposes (Rs. 1.20 Crore, Rs. 0.05 Cr used). The Audit Committee reviewed the statement and had no objections, with auditors also having no comments.
This is a routine regulatory compliance filing that reassures shareholders IPO funds are being used as originally stated, which is positive for governance. The low utilization rate (~3.7%) is expected given the IPO closed only 12 days before the reporting date, but investors should watch deployment progress in subsequent quarters to ensure the company executes its stated plans on working capital and retail expansion.