Please find the attached statement of deviation or variation as on 31st march,2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Valencia India Ltd has filed a compliance statement confirming there is no deviation or variation in the use of IPO proceeds. The company raised ₹48.95 Crore through its IPO (Allotment: July 2, 2025, Listing: July 3, 2025). For the six months ended March 31, 2026, the funds have been deployed as per the prospectus. Out of ₹4,742.11 Lakhs allocated for development of 15 villas and club house, ₹3,589.59 Lakhs has been utilized with ₹152.52 Lakhs remaining. An additional ₹732.95 Lakhs was allocated for fixed deposits and general corporate purposes and has been fully utilized. The Audit Committee reviewed and approved this statement at its meeting held on May 28, 2026.
No deviation reported — funds are being deployed as intended. This is a positive compliance update indicating proper use of IPO capital and adherence to stated objects, which should reassure investors.