Lumino Industries 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 statement pertains to the quarter ended September 30, 2026. The company has provided a detailed statement to this effect, reaffirming its adherence to the original objects for which the funds were raised.
| Name of listed entity | Lumino Industries Limited |
| Mode of Fund Raising | Public Issue [Initial Public Offer (IPO)] |
| Date of Raising Funds | 01st September, 2026 (Allotment Date) |
| Amount Raised | Rs. 5000.00 million |
| Report filed for Quarter ended | 30th September, 2026 |
| Monitoring Agency | Applicable |
| Monitoring Agency Name, if applicable | CRISIL Ratings Limited |
| Is there a Deviation/Variation in use of funds raised | No |
| If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders | Not Applicable |
| If Yes, Date of shareholder Approval | Not Applicable |
| Explanation for the Deviation / Variation | Not Applicable |
| Comments of the Audit Committee after Review | No Comment |
| Comments of the auditors, if any | No Comment |
Confirmation of IPO Fund Utilization
Lumino Industries Limited has submitted its report concerning the utilization of funds raised from its Initial Public Offer (IPO). For the quarter that concluded on September 30, 2026, the company confirms that there has been no deviation or variation in how these IPO proceeds have been utilized. This assurance is in accordance with Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Adherence to Original Objectives
The company’s filing indicates that the funds raised, amounting to Rs. 5000.00 million, have been used strictly in accordance with the originally disclosed objects. There have been no changes to the terms of any contracts related to the fund-raising document or objectives that required shareholder approval during this period. Consequently, no explanation for deviation or variation is required, and the audit committee and auditors have provided no adverse comments.
Source: BSE
