Regulatory15 May 2026, 04:41 pm
Jinkushal IPO Funds: Minor Deviation in Utilization
AI Summary
CARE Ratings Limited, the monitoring agency for Jinkushal Industries Ltd's IPO, reported a slight deviation in the utilization of funds for the quarter ended March 31, 2026. There was an over-utilization of funds towards GCP by 0.33% and offer expenses by 1.53%, coupled with an under-utilization in working capital by 0.32%. The Audit Committee reviewed the report, and the Board of Directors took it on record on May 15, 2026.
Key Highlights
- CARE Ratings reports minor deviations in Jinkushal Industries' IPO fund utilization.
- Over-utilization in GCP (0.33%) and offer expenses (1.53%) observed.
- Under-utilization in working capital by 0.32% reported.
- Audit Committee reviewed, and Board took the report on record May 15, 2026.
Price Impact
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