Sunsky Logistics Limited has filed its Statement of Deviation or Variation in the utilization of funds raised through its Initial Public Offer (IPO). For the half-year ended September 30, 2026, the company reported that funds were utilized for their originally disclosed objects, with no material deviations or variations noted. The auditor’s report confirms adherence to the planned allocation of IPO proceeds.
Sunsky Logistics Files IPO Fund Utilization Statement
Sunsky Logistics Limited has submitted its mandatory statement detailing the utilization of funds raised from its Initial Public Offer (IPO) for the half-year period concluding on September 30, 2026. This filing is in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
No Material Deviation Reported
The statement, corroborated by the company’s statutory auditor, M/s. Ankit M. Shah & Co., confirms that the funds raised through the IPO were utilized in line with the objects disclosed in the offer document. Specifically, the allocated amounts for Purchase of Flatbed Trailers (₹642.31 Lakhs), Prepayment or repayment of outstanding borrowings (₹350.00 Lakhs), meeting working capital requirements (₹275.00 Lakhs), General Corporate Purposes (₹251.86 Lakhs), and Public Issue related expenses (₹164.10 Lakhs) show minimal variance from the original plans.
The report highlights that the total amount raised was ₹1683.60 Lakhs, with a total utilized amount of ₹1683.27 Lakhs for the period. The unutilized amount is negligible, and no significant deviations or variations requiring further explanation were identified for the reporting period.
Source: BSE
