Patel Chem: No Deviation in IPO Fund Use for H1 FY27

Patel Chem Specialities Ltd has confirmed no deviation or variation in the utilization of proceeds from its Initial Public Offer (IPO) for the half-year ended September 30, 2026. The company raised ₹5880 lakhs through a fresh issue on July 30, 2025. As of September 30, 2026, a total of ₹36.24 lakhs was utilized, with ₹1.45 lakhs used in Q1FY27 and ₹4.32 lakhs in Q2FY27, leaving an unutilized amount of ₹30.47 lakhs. Issue-related expenses of ₹0.35 lakhs were transferred to Capex. General corporate purposes are fully utilized. The remaining CapEx funds are parked in Fixed Deposits. The Audit Committee and Board of Directors have reviewed and approved this statement.