Luxury Time Limited has submitted its statement confirming no deviation or variation in the utilization of proceeds from its Initial Public Offer (IPO) for the quarter ended June 30, 2026. This disclosure adheres to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company will also make this information available on its official website.
Statement on IPO Fund Utilization
Luxury Time Limited has officially confirmed that there has been no deviation or variation in the utilization of funds raised through its Initial Public Offer (IPO). This confirmation pertains to the financial quarter that concluded on June 30, 2026.
Regulatory Compliance
The statement has been prepared and submitted in accordance with Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and any relevant SEBI circulars issued in this regard. The company assures stakeholders that the proceeds from the issuance of equity shares via the IPO have been utilized exactly as planned, with no discrepancies.
Public Disclosure
In addition to this formal submission, Luxury Time Limited has also stated that the information presented in this report will be made accessible to the public on the company’s official website, www.luxurytimeindia.com, for broader transparency.
Key Details of the IPO
The Public Issue – Initial Public Offer was conducted on December 11, 2025, raising an amount of INR 14.99 Crores. The company’s monitoring agency, Brickwork Ratings India Private Limited, has overseen the utilization of these funds. For the quarter ended June 30, 2026, there has been no need for shareholder approval regarding changes in the use of funds, nor have any deviations or variations been noted by the audit committee or external auditors.
The statement explicitly notes that there has been Not Applicable deviation from the originally stated objects for which the funds have been raised.
Source: BSE
