Shlokka Dyes: Deviation in Public Issue Proceeds Use

Shlokka Dyes Limited has filed a Statement of Deviation or Variation in the use of proceeds from its Public Issue, as required by SEBI regulations. The report for the half-year ended September 30, 2026, reviewed by the Audit Committee and Board, indicates deviations in the utilization of funds raised on October 15, 2025, amounting to ₹57.79 Crore. Specifically, there was a deviation in 'Capital Expense for Plant and Machinery' due to vendor changes and inclusion of civil work expenses (₹110.11 Lakhs), and an excess utilization of ₹825.44 Lakhs for 'Working Capital Requirements' (₹3,625.44 Lakhs utilized vs. ₹2,800.00 Lakhs allocated). The company attributes these deviations to business exigencies and operational requirements, with plans to regularize within overall IPO proceeds limits.