Regulatory27 May 2026, 05:32 pm
Shlokka Dyes: Deviation in Funds, ₹1.90 Cr on Plant & Machinery
AI Summary
Shlokka Dyes Ltd reported deviations in the utilization of funds raised through its public issue. As of March 31, 2026, ₹1.90 crore was utilized for capital expenditure on plant and machinery against an original allocation of ₹6.13 crore. There was a deviation in working capital utilization, with ₹40.57 crore used against an original allocation of ₹28.00 crore. The company explained that delays in machinery procurement and the need for techno-commercial evaluations extended the deployment timeline. The audit committee reviewed the statement of deviation and variation, and the statutory auditors provided a certificate of fund utilization.
Key Highlights
- Shlokka Dyes reports deviation in fund utilization for the half year ended March 31, 2026.
- ₹1.90 Cr spent on plant & machinery against ₹6.13 Cr original allocation.
- ₹40.57 Cr utilized for working capital against ₹28.00 Cr original allocation.
- Audit Committee reviewed the deviation statement; Statutory Auditor certificate attached.
- IPO proceeds utilized include ₹55.75 Lakhs for civil work expenses.
Price Impact
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