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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vandan Foods Ltd has filed a Statement of Deviation or Variation confirming there is NO deviation or variation in the utilization of IPO proceeds. The company raised Rs. 30.36 crores through its IPO on July 3, 2025. For the half-year ended March 31, 2026, the company utilized Rs. 30.255 crores out of Rs. 30.36 crores, with only Rs. 0.105 crores remaining unutilized. The funds were allocated as per the prospectus: Rs. 8.57 crores for working capital (fully utilized), Rs. 3.00 crores for debt repayment (Rs. 2.985 crores utilized), Rs. 8.29 crores for CAPEX at Dhinoj facility (Rs. 8.22 crores utilized), Rs. 7.51 crores for general corporate purpose (fully utilized), and Rs. 2.99 crores for issue expenses (Rs. 2.97 crores utilized). The Audit Committee reviewed and the Board of Directors took on record this statement on May 22, 2026. Statutory Auditors Piyush Kothari & Associates also certified no deviation.
Positive signal for shareholders - the company is utilizing IPO funds exactly as committed in the prospectus with no deviations. Minor unutilized amount of Rs. 0.105 crores is negligible and likely represents timing differences.