Quarterly Updates13 May 2026, 05:41 pm
Shree Ram Twistex: No Deviation in IPO Proceeds Utilization
AI Summary
Shree Ram Twistex Ltd reported no deviations or variations in the utilization of funds raised through its public issue (IPO) for the quarter ended March 31, 2026. The company raised ₹11,024.00 lakh through the IPO, with funds allocated for setting up a solar power plant, a wind power plant, repayment of borrowings, working capital requirements, and issue expenses. Crisil Ratings Limited is the monitoring agency. The audit committee and auditors have reviewed the statement.
Key Highlights
- Shree Ram Twistex confirms no deviation in IPO proceeds for Q4 FY26.
- IPO raised ₹11,024.00 lakh for various projects and expenses.
- Crisil Ratings Limited is the monitoring agency for fund utilization.
- Audit committee and auditors reviewed the statement of deviation.
- Funds allocated for solar plant, wind plant, debt repayment, and working capital.
Price Impact
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