StockWatch
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Other Food Products
Corporate Governance13 Nov 2026, 08:33 pm

Peshwa Wheat: No Deviation in IPO Fund Utilization for Q2 FY27

AI Summary

Peshwa Wheat Limited has filed a statement confirming no deviation or variation in the utilization of funds raised through its Initial Public Offering (IPO) for the quarter ended September 30, 2026. The IPO raised ₹53.52 Crore on September 29, 2026. The company clarified that IPO proceeds were blocked and not available for utilization during the quarter, hence no deviation was reported. The statement was reviewed by the Audit Committee and the Board of Directors. The monitoring agency report from Brickwork Ratings India Private Limited also indicated no deviation.

Key Highlights

  • No deviation reported in IPO fund utilization for Q2 FY27.
  • IPO raised ₹53.52 Crore on September 29, 2026.
  • Funds were blocked and unavailable for utilization during the quarter.
  • Audit Committee and Board of Directors reviewed the statement.
  • Monitoring agency confirmed no deviation in fund usage.