Technichem Organics Limited has submitted its statement on the deviation or variation in the utilization of funds raised through its Initial Public Offer (IPO). The report covers the half-year period ending September 30, 2026. The company confirms that the funds raised were utilized as per the original objects disclosed, with no significant deviations reported in the utilization of proceeds.
Mandatory Disclosure on IPO Fund Utilization
Technichem Organics Limited has officially filed a statement detailing the utilization of funds obtained from its Initial Public Offer (IPO). This disclosure is made pursuant to Regulation 32 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, and pertains to the financial period concluding on September 30, 2026.
Key Details of Fund Utilization
The company reported its fund-raising activities, which included an Initial Public Offer (IPO) completed on January 3, 2025. The total amount raised was Rs. 25,24,50,000/-. For the half-year ended September 30, 2026, Technichem Organics stated that there was no deviation or variation in the use of funds raised. The utilization of funds has been tracked against the original objects, including: funding the capital expenditure requirement for a new plant, repayment of borrowings, and general corporate purposes.
Confirmation of No Material Deviation
The statement explicitly confirms that the funds raised have been utilized in total as per the disclosed objectives. There have been no changes in the terms of contracts or objects that were originally approved by shareholders. The report also indicates that no monitoring agency was appointed for the fund utilization, and the Audit Committee and auditors have not raised any specific comments regarding deviations.
Breakdown of Fund Allocation and Utilization
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Original Object: Funding of capital expenditure requirement towards setting up of a new plant.
- Original Allocation: N.A. (Details not provided in this summary, but implicit in total IPO amount)
- Utilized till 30-09-2026: 703.82 (Implied unit: Lakhs or Crores based on IPO amount)
- Remarks: The Funds have been utilized in total.
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Original Object: Repayment/Prepayment in full or in part of certain borrowings from banks, financial and non-banking financial companies.
- Original Allocation: N.A.
- Utilized till 30-09-2026: 1023.51
- Remarks: The Funds have been utilized in total.
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Original Object: General Corporate Purpose.
- Original Allocation: N.A.
- Utilized till 30-09-2026: 797.17
- Remarks: The Funds have been utilized in total.
The company has requested that this information be taken on record.
Source: BSE
