Shlokka Dyes IPO Proceeds Utilization Deviations Reported

Shlokka Dyes Ltd has disclosed deviations in the utilization of its Initial Public Offering (IPO) proceeds for the quarter ended June 30, 2026. The Monitoring Agency Report, issued by Crisil Ratings Limited, highlights a 10-25% deviation range. Key deviations include Rs 1,256.83 lakh excess utilization for Working Capital against prospectus allocation, impacting funds for Capital Expenditure, Debt Repayment, General Corporate purposes, and Offer expenses. Additionally, Rs 187.03 lakhs were utilized for different machinery vendors, and Rs 110.11 lakhs for unspecified civil work. The company also paid Rs 367.00 lakhs for lead manager fees to 'Somani Ventures and Innovations Limited' instead of the disclosed 'Interactive Financial Services Limited'. The company is voluntarily complying with SEBI regulations as an SME-listed entity.