Corporate News

03-Nov-2026, 08:28

Vandan Foods Limited reported no deviation or variation in the utilization of proceeds from its initial public offering, according to a filing with the BSE Limited on November 3, 2026. The company stated that the entire Rs 30.36 crore raised through the IPO has been fully utilized, with Rs 8.57 crore allocated to incremental working capital requirements, Rs 3.00 crore for debt repayment, Rs 8.29 crore for capital expenditure at its Dhinoj facility, Rs 7.51 crore for general corporate purposes, and Rs 2.99 crore for issue-related expenses. The company received a certificate from statutory auditor Piyush Kothari & Associates confirming the utilization of funds.