Corporate Governance13 Nov 2026, 09:13 pm
Justo Realfintech: No Deviation in IPO Fund Utilization
AI Summary
Justo Realfintech Limited has submitted its Statement of Deviation or Variation for the half-year ended September 30, 2026, concerning funds raised through its Initial Public Offer (IPO). The company confirms there has been no deviation or variation in the utilization of the ₹63 Crores raised. The funds were allocated across working capital requirements (₹36.50 Crores), IT development (₹2.00 Crores), repayment of outstanding borrowings (₹5.00 Crores), general corporate purposes (₹8.34 Crores), and issue expenses (₹6.86 Crores). The Audit Committee has reviewed and approved the statement, confirming adherence to the original utilization plan.
Key Highlights
- Justo Realfintech reports no deviation in IPO fund utilization.
- Total IPO funds raised were ₹63 Crores.
- Funds were utilized across working capital, IT, debt repayment, and general purposes.
- Audit Committee reviewed and approved the utilization statement.
- No variation in fund usage as per SEBI regulations.
Price Impact
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