Statment of Deviation for Six Months Ended September, 2025
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Awaiting price reaction for this filing.
Valencia India Ltd has confirmed there is no deviation or variation in the use of proceeds from its IPO, which was allotted on July 2, 2025 and listed on July 3, 2025. The company raised ₹48.95 crore through the IPO, including an Offer for Sale of ₹4.95 crore. Of the original allocation of ₹3,742.11 lakhs for development of 15 villas and a club house, ₹2,792.11 lakhs has been utilised so far, with the remaining ₹950 lakhs parked as a fixed deposit with a scheduled commercial bank. The full ₹732.95 lakhs allocated for general corporate purposes has been utilised. The statement was reviewed and approved by the Audit Committee on November 12, 2025.
This is a routine compliance filing confirming IPO funds are being used as originally disclosed in the prospectus, with no misuse or diversion. For shareholders, this signals good governance and adherence to stated objectives, though partial deployment (about 75%) of the villa development funds suggests the project is still in progress.