Disclosure under Regulation 32(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Awaiting price reaction for this filing.
Swasth Foodtech India has filed a quarterly disclosure for the period ended March 31, 2025, certifying that the proceeds from its February 2025 IPO have been used strictly as per the objects stated in the prospectus, with no deviations or variations. Of the total IPO proceeds of ₹1,492.34 lakhs, the company has utilized ₹1,101.7 lakhs so far, leaving ₹390.64 lakhs unutilized. The deployed amount covers setting up a packing line at the existing manufacturing unit (₹329.87 lakhs, fully used), working capital requirements (₹750 lakhs, fully used), and general corporate purposes (₹750 lakhs, fully used); issue-related expenses stand at ₹131.7 lakhs utilized against a revised allocation of ₹220 lakhs. The remaining ₹390.64 lakhs is parked in fixed deposits (₹312 lakhs), an escrow account (₹49.40 lakhs), and a current account (₹29.24 lakhs). The certificate has been issued by chartered accountants Baid Agarwal Singhi & Co.
Positive governance signal for shareholders - the company is using IPO funds exactly as promised to investors, with the unused portion parked safely in bank deposits awaiting deployment toward the stated objectives.