Statement of Deviation/Variation in Utilization of funds raised through Initial Public Offer for the half year ended on September 30, 2025
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Awaiting price reaction for this filing.
Unison Metals has filed a half-yearly statement confirming that funds raised through a Further Public Offer (Rights Issue) of Rs. 34.00 crores on July 12, 2025 have been deployed without any deviation from the stated objects. Of the total Rs. 34.33 crores allocated, Rs. 34.02 crores had been utilized by September 30, 2025. The bulk of the proceeds (Rs. 17.75 crores, ~52%) were used to repay existing loans, followed by purchase of land (Rs. 7.00 crores), purchase of machinery (Rs. 5.00 crores), and working capital (Rs. 4.02 crores). Care Ratings is acting as the monitoring agency and the Audit Committee confirmed no deviation. Minor variances include Rs. 2.41 lakh excess in working capital and Rs. 3.69 lakh unspent in issue expenses, while Rs. 30.12 lakhs allocated for general corporate purposes remain unutilized.
Positive signal for shareholders — funds are being used in line with what was promised at the time of the issue, with no misuse or diversion. The heavy focus on loan repayment (over half the raise) should reduce interest costs and improve the company's debt profile going forward.