Valencia India: No Deviation in IPO Fund Utilization

Valencia India Limited confirmed no deviation in the utilization of IPO proceeds for the six months ended March 31, 2026, as per Regulation 32 of SEBI Listing Regulations. The company, which raised ₹48.95 Cr through its IPO on July 02, 2025, stated that funds were used for the objects outlined in the prospectus. While a minor portion (₹1.53 Cr) allocated for villa development was temporarily placed as a fixed deposit, the company explicitly declared "No Deviation / Variation in use of funds raised" from the original objectives. The Audit Committee approved this statement on May 28, 2026.