Quarterly Updates29 May 2026, 09:03 pm
Jinkushal Industries: No Deviation in IPO Proceeds Utilization
AI Summary
Jinkushal Industries Ltd reported no deviations or variations in the utilization of IPO proceeds for the quarter and year ended March 31, 2026, as per Regulation 32 of SEBI guidelines. The IPO, which opened on September 25, 2025, and closed on September 29, 2025, raised ₹11615.45 Lakhs. While there were slight over/under utilizations in specific objects like working capital, general corporate purposes, and offer expenses, the audit committee confirmed that all deviations remained within 10% of the originally disclosed amounts.
Key Highlights
- No deviation in IPO proceeds utilization for the quarter and year ended March 31, 2026.
- Total funds raised through IPO: ₹11615.45 Lakhs.
- Audit Committee confirms no significant deviation in fund utilization.
- Minor over/under utilization in specific objects, but within permissible limits.
Price Impact
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