Regulatory14 Nov 2026, 09:12 pm
Airfloa Rail Technology: No IPO Fund Deviation for H1 FY27
AI Summary
Airfloa Rail Technology Ltd has submitted its Statement of Deviation & Variation for the half-year ended September 30, 2026. The company confirms there have been no deviations or variations in the utilization of its Initial Public Offer (IPO) proceeds during this period. This statement, along with a management certificate and an auditor's utilization certificate from Varadarajan & Co, has been reviewed by the Audit Committee and taken on record by the Board of Directors. The auditors have provided limited assurance that the utilization aligns with the IPO prospectus and the company's books of account.
Key Highlights
- No deviation in IPO fund utilization for H1 FY27.
- Auditor's certificate confirms compliance with IPO prospectus.
- Statement reviewed by Audit Committee and Board.
- Management and auditor's certificates submitted.
Price Impact
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