DSM Fresh Foods: Monitoring Agency Report Flags IPO Fund Utilization Deviations

DSM Fresh Foods Limited has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, issued by CARE Ratings Limited. The report indicates deviations in the utilization of funds raised through its Initial Public Offering (IPO). Specifically, the company has significantly exceeded planned allocations for 'Working Capital Requirement' and 'Unidentified Acquisition and General Corporate Purposes'. Additionally, 'Marketing expenditure' was utilized for broader advertisement and marketing activities beyond the initially specified 'Advertisement through HT Media Platform'. The deviation range is reported as 10-25%. No specific shareholder approval was obtained for these deviations.