Corporate Governance11 Nov 2026, 05:51 pm
Sham Foam: No IPO Fund Use Deviation for H1 FY27
AI Summary
Sham Foam Ltd has reported that there were no deviations or variations in the utilization of its Initial Public Offer (IPO) proceeds during the half-year ended September 30, 2026. The statement, reviewed by the Audit Committee and taken on record by the Board, confirms that funds raised on August 18, 2026, amounting to ₹4,048.20 Lacs (₹40.48 Crore), were utilized as per the prospectus. Unutilized funds have been placed in Bank FDRs and Current Accounts. The company raised ₹4,048.20 Lacs (₹40.48 Crore) through its IPO.
Key Highlights
- No deviation in IPO fund utilization for H1 FY27.
- Funds raised were ₹4,048.20 Lacs (₹40.48 Crore).
- Unutilized funds are in Bank FDRs and Current Accounts.
- Statement reviewed by Audit Committee and Board.
- IPO proceeds used for capital expenditure, working capital, and general corporate purposes.
Price Impact
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