Statement of deviation for IPO Funds as on 30.09.2025
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Awaiting price reaction for this filing.
Vashishtha Luxury Fashion Ltd filed a routine compliance statement confirming no deviation or variation in the use of IPO proceeds for the half year ended September 30, 2025. The company raised Rs. 887.11 lakhs through its IPO, with shares allotted on September 11, 2025. As of the reporting date, Rs. 51.09 lakhs was utilized for prepayment of borrowings (against Rs. 269.46 lakhs allocated), Rs. 81.53 lakhs for general corporate purposes (against Rs. 132.18 lakhs allocated), and Rs. 98.65 lakhs for issue expenses (against Rs. 121.75 lakhs allocated). No funds had yet been deployed toward the Rs. 363.72 lakhs earmarked for capital expenditure on embroidery machines. No monitoring agency is applicable, and the audit committee has no comments.
This is a standard regulatory filing indicating IPO funds are being used in line with the disclosed objects, with no deviation — a sign of good governance and transparency. Investors may want to track progress on the pending embroidery machine capex, as it represents the largest planned deployment of IPO proceeds.