Clarification12 Nov 2026, 08:43 pm
Shree Balaji Textiles: No Deviation in IPO Fund Utilization
AI Summary
Shree Balaji (Mala) Textiles Ltd has confirmed that there has been no deviation or variation in the utilization of funds raised through its Public Issue (IPO). The company stated that all funds utilized up to September 30, 2026, have been strictly for the objects outlined in the prospectus. A statement to this effect, reviewed by the Audit Committee, has been submitted. The total issue size was ₹1890.00 Lacs, including ₹190.63 Lacs for issue-related expenses.
Key Highlights
- No deviation in IPO fund utilization confirmed.
- Funds used solely for stated objects in prospectus.
- Confirmation covers period up to September 30, 2026.
- Audit Committee has reviewed and approved the statement.
- Total IPO funds raised were ₹1890.00 Lacs.
Price Impact
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