StockWatch
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Rubber
Regulatory30 May 2026, 10:21 pm

Ameenji Rubber: No Deviation in IPO Proceeds Utilization

AI Summary

Ameenji Rubber Ltd reports no deviations or variations in the utilization of IPO proceeds for the half-year and year ended March 31, 2026. The company raised ₹3000 Lakhs through a public issue on October 1, 2025. The unutilized IPO proceeds as of March 31, 2026, are temporarily invested in fixed deposits. The statutory auditor has certified the expenditure incurred, and the audit committee and board have reviewed and taken the statement on record on May 30, 2026.

Key Highlights

  • Ameenji Rubber reports no deviation in IPO proceeds utilization for FY26.
  • ₹3000 Lakhs was raised through IPO on October 1, 2025.
  • ₹2500 Lakhs utilized out of ₹3000 Lakhs raised through IPO.
  • Unutilized IPO proceeds are invested in fixed deposits.
  • Auditor certified the expenditure; Audit Committee and Board reviewed the statement.