Regulatory30 May 2026, 03:42 pm
Elfin Agro India: No Deviation or Variation of Funds
AI Summary
Elfin Agro India Ltd. has declared that there has been no deviation or variation in the utilization of funds raised through its Initial Public Offer (IPO) as of March 31, 2026. The company raised ₹2502.75 Lakhs through the IPO on March 10, 2026. The Audit Committee reviewed and the Board approved this statement on May 30, 2026. Funds were allocated to working capital and issue-related expenses, with some amounts kept in fixed deposits for future utilization.
Key Highlights
- Elfin Agro confirms no deviation in IPO fund utilization as of March 31, 2026.
- ₹2502.75 Lakhs raised via IPO on March 10, 2026, allocated to working capital and expenses.
- ₹500 Lakhs for working capital and ₹115 Lakhs for issue expenses kept in fixed deposits.
- Audit Committee reviewed and Board approved the statement on May 30, 2026.
Price Impact
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