Regulatory29 May 2026, 09:39 pm
L.K.Mehta Polymers: No Deviation in IPO Proceeds Use
AI Summary
L.K.Mehta Polymers Ltd reports no deviations or variations in the use of IPO proceeds for the half-year ended March 31, 2026, as per Regulation 32 of SEBI guidelines. The IPO raised ₹7,38,40,000, with ₹7,28,40,000 utilized as stated in the offer document. The remaining ₹10,00,000 is parked in a fixed deposit with HDFC Bank. This was reviewed by the Audit Committee and Board of Directors on May 29, 2026.
Key Highlights
- No deviation in the use of IPO proceeds reported for H1 ended March 31, 2026.
- ₹7,28,40,000 out of ₹7,38,40,000 IPO funds utilized as per offer document.
- Remaining ₹10,00,000 parked in fixed deposit with HDFC Bank.
- Statutory auditors verified the utilization of funds.
- Audit Committee and Board reviewed the statement on May 29, 2026.
Price Impact
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