SRIGEE DLM LIMITED announced the outcome of its Board Meeting held on November 14, 2026. The board considered and approved the unaudited standalone financial results for the half-year ended September 30, 2026. Additionally, the company provided details on the utilization of funds raised from its Initial Public Offer (IPO) as of September 30, 2026.
SRIGEE DLM LIMITED Board Approves Financial Results
The Board of Directors of SRIGEE DLM LIMITED convened a meeting on Saturday, November 14, 2026, at the company’s registered office. The meeting, which commenced at 04:00 PM and concluded at 05:00 PM, focused on key financial and operational matters.
Unaudited Financial Results Approved
A primary agenda item was the consideration and approval of the unaudited standalone financial results for the half-year period ended September 30, 2026. This approval aligns with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
IPO Fund Utilization Update
Further to the financial results, the company also provided an update on the utilization of funds raised through its Initial Public Offer (IPO). As of September 30, 2026, the company has utilized Rs. 852.06 Lakhs of the IPO proceeds, with a balance of Rs. 845.59 Lakhs remaining unutilized and parked in Fixed Deposits and Bank Accounts. Details of the IPO objects, allocated funds, revised allocations, and utilization amounts were provided, highlighting the deployment towards setting up a manufacturing facility and acquisition of plant and machinery.
Trading Window Closure
In compliance with SEBI (Prohibition of Insider Trading) Regulations, 2018, the company has closed its trading window effective October 1, 2026. The window will remain closed for 48 hours following the declaration of financial results.
Auditor’s Review
Independent auditors A.M.G.K & Associates conducted a limited review of the financial results. Their report notes the management’s responsibility for the preparation of the statement in accordance with applicable accounting standards. Key observations from the review include reliance on management’s certification for inventory valuation and attention drawn to the utilization of IPO proceeds. The auditors confirmed they have not performed an audit and do not express an audit opinion.
IPO Fund Allocation Details
The IPO raised a total of Rs. 1,697.65 Lakhs. The original allocation for setting up a manufacturing unit was Rs. 542.78 Lakhs, which was subsequently revised to Rs. 967.18 Lakhs. Of this, Rs. 542.78 Lakhs has been utilized as of September 30, 2026. For the acquisition of plant and machinery, an initial allocation of Rs. 951.00 Lakhs was made, with Rs. 118.00 Lakhs utilized to date. General purposes and IPO-related expenses have also seen utilization.
Source: BSE
