Dindigul Farm Product Limited has submitted its statement of deviation or variation for the half-year ended September 30, 2026, concerning funds raised via its Initial Public Offer (IPO). The company reported to the BSE that there were no deviations in the utilization of the IPO proceeds, indicating adherence to the initial fund allocation plan. The statement confirms that all raised funds are being used as per the approved objects.
Dindigul Farm Product Files IPO Fund Utilization Statement
Dindigul Farm Product Limited has officially informed the Bombay Stock Exchange (BSE) regarding the utilization of funds raised through its Initial Public Offer (IPO). In a filing dated November 13, 2026, the company submitted the Statement of Deviation(s) or Variation(s) for the half-year ended September 30, 2026, as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
No Deviation in Fund Usage
The company’s submission clearly indicates that there has been no deviation or variation in the utilization of the funds raised from the IPO. The statement covers the period from the date of fund raising up to September 30, 2026. The total amount raised through the IPO was ₹3,163.00 Lakhs.
Breakdown of Fund Allocation and Utilization
According to the detailed statement, the funds were initially allocated for specific purposes. The funds allocated for Funding Capital Expenditure were ₹1,212.33 Lakhs, and the amount utilized as of September 30, 2026, was ₹1,125.33 Lakhs. For Meeting Working Capital Requirements, the allocation was ₹1,384.00 Lakhs, and the same amount was utilized. Similarly, for General Corporate Purpose, the allocation was ₹566.67 Lakhs, with the entire amount utilized.
The Audit Committee, after its review, noted that there is no deviation in the utilization of the funds. The remaining amounts for capital expenditure are indicated to be utilized in subsequent quarters as per the original object of the issue. The company has confirmed that no monitoring agency was appointed for this IPO fund utilization.
Source: BSE
