Announced Mon, 18 May · 19:09 IST

Statement of Deviation or variation in utilization of funds raised through Initial public offer(IPO)for the half year and year ended 31st March, 2026

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AI summary

Sunsky Logistics Limited has filed its IPO fund utilization statement for the half year ended March 31, 2026. The company raised Rs 1683.60 Lakhs through an SME IPO on October 6, 2025. The statement explicitly confirms there is NO deviation or variation in the use of funds. Allocations were made for purchase of flatbed trailers (Rs 642.31 Lakhs), repayment of borrowings (Rs 350.00 Lakhs), working capital (Rs 275.00 Lakhs), general corporate purposes (Rs 251.86 Lakhs), and public issue expenses (Rs 164.43 Lakhs). The statutory auditor has certified proper utilization of funds with a minor unutilized amount of Rs 0.33 Lakhs in public issue expenses.

Likely market impact

This is a routine compliance filing indicating proper use of IPO proceeds as per disclosed objects. No adverse impact on shareholders expected.