Corporate Governance31 Oct 2026, 08:40 pm
Valencia India: No IPO Fund Use Deviation for H1 FY27
AI Summary
Valencia India Ltd has submitted its Statement of Deviation for the half-year ended September 30, 2026, confirming no variation in the utilization of funds raised through its Initial Public Offer (IPO). The funds were raised on July 02, 2025, amounting to ₹48.95 Cr. The company stated that the proceeds were used for the development of 15 villas and club house (₹3742.11 Lakhs) and general corporate purposes (₹732.95 Lakhs), aligning with the objects outlined in the prospectus. The Audit Committee reviewed and approved this statement on October 31, 2026.
Key Highlights
- No deviation reported in IPO fund utilization for H1 FY27.
- Funds raised were ₹48.95 Cr via Initial Public Offer.
- Proceeds used for villa development and corporate purposes.
- Statement reviewed and approved by the Audit Committee.
Price Impact
More from VALINDIA