Quarterly Updates29 May 2026, 08:42 pm
Marc Loire Fashions: No Deviation in IPO Fund Utilization for FY26
AI Summary
Marc Loire Fashions Ltd reports no deviation or variation in the utilization of funds raised through its public issue as of March 31, 2026. The IPO proceeds were utilized for the purposes stated in the offer document, including capital expenditure for retail network expansion, purchase of multi-purpose racks, working capital requirements, issue expenses, and general corporate purposes. The audit committee reviewed and confirmed the absence of any deviation.
Key Highlights
- Marc Loire Fashions confirms no deviation in IPO fund utilization as of March 31, 2026.
- IPO proceeds of ₹2,100 lakhs utilized for stated objectives, including retail expansion and working capital.
- ₹1,520.48 lakhs utilized till March 31, 2026, with ₹579.52 lakhs remaining unutilized.
- Unutilized IPO proceeds are held in escrow account, bank balance, and zero-coupon bonds.
- Audit Committee reviewed and confirmed no deviations in fund utilization.
Price Impact
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