Tempsens Instruments (India) Limited has officially informed stock exchanges that there have been no deviations or variations in the utilization of funds raised through its Initial Public Offer (IPO). The company stated that all proceeds have been used in accordance with the objects outlined in the offer document, ensuring financial transparency and adherence to its stated purpose for the funds. The report was filed for the quarter ended September 30, 2026.
Tempsens Instruments Confirms IPO Fund Utilization
Tempsens Instruments (India) Limited has submitted its statement on the utilization of funds raised from its Initial Public Offer (IPO). In a regulatory filing dated October 30, 2026, the company has confirmed that there have been no deviations or variations in how the IPO proceeds have been utilized. This statement is in compliance with Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Adherence to Offer Document Objectives
The company clarified that the funds raised have been used strictly as per the objects stated in the offer document. For the quarter ended September 30, 2026, Tempsens Instruments reported no discrepancies. The funds were earmarked for several key objectives, including capital expenditure towards electrical heating and specialized cable solutions, pre-payment or scheduled repayment of outstanding borrowings, and general corporate purposes. The provided annexure details the planned versus actual utilization, showing nil deviation across all categories.
Source: BSE
