Aritas Vinyl Limited has officially informed the stock exchanges that there have been no deviations or variations in the utilization of its Initial Public Offer (IPO) proceeds for the half-year period ended September 30, 2026. The company has enclosed a statement detailing the fund utilization as per regulatory requirements. This disclosure confirms that the raised funds were used in accordance with the objects stated in the IPO prospectus.
IPO Fund Utilization Statement Filed
Aritas Vinyl Limited has submitted a formal statement to the stock exchange regarding the utilization of funds raised through its Initial Public Offer (IPO). The company has confirmed that for the half-year period ending September 30, 2026, there have been no deviations or variations in how the IPO proceeds have been utilized.
Confirmation of Compliance
The disclosure, made in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, assures stakeholders that the funds raised from the IPO have been employed strictly as per the stated objectives in the company’s prospectus. A detailed statement supporting this confirmation has been enclosed with the submission.
Breakdown of Fund Utilization
The enclosed statement outlines the utilization of the ₹3289.34 Lakhs raised from the fresh issue. Key allocations include:
- Capital Expenditure for Solar Power Project: Allocated ₹425.61 Lakhs, with ₹425.61 Lakhs utilized.
- Working Capital: Allocated ₹2045.00 Lakhs, with ₹2073.15 Lakhs utilized (indicating a minor utilization variance not deemed a deviation).
- General Corporate Purposes: Allocated ₹464.58 Lakhs, with ₹464.58 Lakhs utilized.
- Public Issue Expenses: Allocated ₹354.15 Lakhs, with ₹326.00 Lakhs utilized.
The auditors, Pushpendra Gupta & Associates, have certified that the utilization of funds aligns with the objects disclosed in the prospectus, and no part of the IPO proceeds has been deployed for purposes other than those stated.
Source: BSE
