Bhavik Enterprises Ltd Confirms No Deviation or Variation in IPO Proceeds Utilization for Q3 2025

Bhavik Enterprises Ltd has confirmed in a statement that there has been no deviation or variation in the utilization of IPO proceeds from the objects stated in the prospectus dated September 18, 2025. The company is an ISO 9001: 2015 certified company and the unutilized balance is held temporarily in fixed deposit with Scheduled Banks. The funds have been utilized for working capital requirements and general corporate purposes.