Shlokka Dyes: Deviation in IPO Fund Utilization

Shlokka Dyes Limited has reported a deviation in the utilization of its Initial Public Offering (IPO) proceeds for the half-year ended September 30, 2026. The company utilized ₹3,625.44 Lakhs (₹36.25 Crore) for working capital, exceeding the allocated ₹2,800.00 Lakhs (₹28.00 Crore) by ₹825.44 Lakhs (₹8.25 Crore). Additionally, ₹110.11 Lakhs (₹1.10 Crore) was used for civil work-related expenses, which was not a specified use in the prospectus. The Audit Committee noted these expenditures were for project implementation and operational requirements, and the company plans to regularize utilization. The statutory auditors have provided a certificate confirming the fund utilization.