Vandan Foods: No Deviation in IPO Proceeds Utilization

Vandan Foods Ltd reports no deviation in the utilization of IPO proceeds as per the prospectus dated June 23, 2025. The report, filed for the half-year ended March 31, 2026, was reviewed by the Audit Committee and Board of Directors on May 22, 2026. The IPO raised ₹30.36 crores, and a Statutory Auditor’s Certificate for the period is enclosed, confirming fund utilization aligned with original objectives.