VMS TMT Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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VMS TMT has filed a Regulation 32 deviation statement for its IPO proceeds for the quarter ended December 31, 2025. The company raised Rs. 148.5 crore in September 2025 through its IPO (1.5 crore equity shares at Rs. 99 each), earmarked for loan repayment (Rs. 112.19 cr), general corporate purposes (Rs. 20.60 cr), and issue expenses (Rs. 12.85 cr). A deviation occurred because Rs. 40.19 crore from the monitoring account was deposited into SVC Bank's cash credit account on October 4, 2025, as direct remittance to the term loan account was not permitted; the bank delayed transferring it pending internal approval. The total deviation amount for the quarter was Rs. 2.81 crore. The loans were fully repaid and closed on February 4, 2026, with SVC Bank issuing a no-dues certificate. The Audit Committee reviewed and noted the Monitoring Agency's report from CARE Ratings.
This is a routine procedural compliance filing and is largely neutral for shareholders. The deviation is technical in nature — caused by a bank's internal approval process — and the original loan repayment objective has been fully achieved. No material financial impact is expected on the stock or shareholders.