Tempsens Instruments: No Deviation in IPO Fund Utilization

Tempsens Instruments (India) Ltd has filed a Statement of Deviation and Variation for its Initial Public Offer (IPO). The company confirms that there has been no deviation or variation in the utilization of funds raised through its IPO, which included a fresh issue of Rs 950 Million and an Offer for Sale of Rs 5550 Million. The funds were allocated towards capital expenditure for electrical heating and specialized cable solutions, prepayment of outstanding borrowings, and general corporate purposes. The report for the quarter ended September 30, 2026, indicates that the actual utilization aligns with the disclosed objects, with no significant variances noted.