Vandan Foods: IPO Proceeds Fully Utilized, No Deviation Reported

Vandan Foods Ltd has submitted a Statement of Deviation or Variation under SEBI regulations, confirming that the entire proceeds from its Initial Public Offering (IPO) on July 3, 2025, amounting to ₹30.36 Crores, have been fully utilized. The company reported no deviation or variation in the utilization of these funds as per the objects stated in its prospectus. The utilization included incremental working capital, prepayment of borrowings, capital expenditure for facility expansion, general corporate purposes, and issue-related expenses. The statement for the half-year ended September 30, 2026, has been reviewed by the Audit Committee and taken on record by the Board of Directors, along with a certificate from the Statutory Auditors.