Regulatory11 May 2026, 07:01 pm
Nanta Tech: No Deviation in IPO Proceeds Use, ₹3101.56 Lakh Utilized
AI Summary
Nanta Tech Ltd confirms no deviation or variation in the use of proceeds from its Initial Public Issue (SME IPO) as per Regulation 32 of SEBI guidelines. The entire money raised (₹3181.20 lakhs) has been utilized for the objects stated in the Prospectus dated December 27, 2025. The audit committee reviewed and confirmed the same. Statutory auditor's certificate of fund utilization is also enclosed. ₹1325.13 lakhs was used for funding capital expenditure, ₹1050 lakhs for working capital, ₹316.71 lakhs for general corporate purpose and ₹409.72 lakhs for issue related expenses.
Key Highlights
- Nanta Tech confirms no deviation in use of IPO proceeds.
- ₹3101.56 lakhs utilized out of ₹3181.20 lakhs raised through IPO.
- Funds used for capital expenditure, working capital, and general corporate purposes.
- Audit committee and statutory auditor reviewed and approved fund utilization.
Price Impact
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