StockWatch
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Other Agricultural Products
Corporate Governance2 Nov 2026, 06:31 pm

Pajson Agro: No Deviation in IPO Fund Use for H1 FY27

AI Summary

Pajson Agro India Limited has reported that there has been no deviation or variation in the utilization of funds raised through its Initial Public Offering (IPO) for the half-year ended September 30, 2026. The company raised ₹74.45 crore via its SME IPO, which was allotted on December 16, 2025. The funds were allocated for capital expenditure towards establishing a second cashew processing facility and general corporate purposes. As per the report, ₹1826.99 Lacs (₹18.27 Crore) has been utilized for the cashew facility, with ₹3873.01 Lacs (₹38.73 Crore) remaining unutilized. For general corporate purposes, ₹1042.36 Lacs (₹10.42 Crore) was allocated, with ₹8.67 Lacs (₹0.09 Crore) unutilized. Issue expenses utilized were ₹702.97 Lacs (₹7.03 Crore). The company confirmed that the utilization aligns with the objects stated in the prospectus.

Key Highlights

  • No deviation reported in IPO fund utilization for H1 FY27.
  • IPO raised ₹74.45 crore in December 2025.
  • Funds utilized for cashew facility and general corporate purposes.
  • Significant unutilized funds remain for the cashew processing facility.