Manorama Industries: Deviation in QIP Fund Utilization

Manorama Industries Limited has filed its Statement of Deviation and Variation for the quarter ended September 30, 2026, concerning funds raised through Qualified Institutions Placement (QIP). The company raised Rs 50,000 lakh (Rs 500 crore) on July 2, 2026. The original objects for fund utilization were funding of working capital requirements and general corporate purposes. For the quarter, Rs 8,539.81 lakh was utilized towards funding working capital facilities, and Rs 1,460.19 lakh was utilized for general corporate purposes, including issue expenses. The total utilized funds up to September 30, 2026, amount to Rs 10,000 lakh. The unutilized net proceeds stand at Rs 33,539.81 lakh. The statement has been reviewed and approved by the Audit Committee and the Board.