StockWatch
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Other Agricultural Products
Regulatory30 May 2026, 09:38 pm

Bharatrohan Airborne: No Deviation in IPO Proceeds Utilisation

AI Summary

Bharatrohan Airborne Innovations Ltd reports no deviations or variations in the utilisation of IPO proceeds for the half-year ended March 31, 2026, as per Regulation 32 of SEBI guidelines. The utilisation aligns with the object clause of the Prospectus. CA Shobhit Rajul Dave of Keyur Shah & Associates certified the statement, which was reviewed by the Audit Committee on May 30, 2026. The company utilized ₹1077.7 Lakhs for funding capital expenditure and ₹1668.00 Lakhs for working capital requirements.

Key Highlights

  • No deviation in IPO proceeds utilisation for H1 ended March 31, 2026.
  • Utilisation aligns with prospectus objectives.
  • Statement certified by Keyur Shah & Associates.
  • Audit Committee reviewed the statement on May 30, 2026.
  • ₹1077.7 Lakhs used for capital expenditure and ₹1668.00 Lakhs for working capital.