CFF Fluid Control Limited has submitted a Statement of Deviation/Variation in the utilisation of funds raised through a Further Public Issue, as required under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing, addressed to BSE Limited and dated May 05, 2026, covers the half year ended March 31, 2026. The company raised Rs. 8775 Lakhs through the Further Public Issue on 14-07-2025, with funds earmarked for working capital requirements and general corporate purposes.

Fund Utilisation Overview

The statement confirms that a deviation exists in the use of proceeds from the public issue. The company had originally proposed to raise funds to meet working capital requirements and general corporate purposes. The key details of the fund-raising and utilisation are summarised below:

Deviation Details by Object

The deviation pertains to the reallocation of unutilised Issue Expenses towards General Corporate Purpose. The table below presents the original allocations, actual utilisation, and the resulting variation for each object as of March 31, 2026:

Nature of Deviation

The deviation recorded in the filing is limited to the reallocation between Issue Expenses and General Corporate Purpose. The full Working Capital allocation of Rs. 7260.00 Lakhs was utilised as originally planned, with no deviation reported under this head. Under General Corporate Purpose, actual utilisation stood at Rs. 860.51 Lakhs against an original allocation of Rs. 833.00 Lakhs, reflecting an excess of Rs. 27.51 Lakhs. Correspondingly, Issue Expenses saw utilisation of Rs. 654.49 Lakhs against an original allocation of Rs. 682.00 Lakhs, leaving a shortfall of Rs. 27.51 Lakhs, which was redirected to General Corporate Purpose.

The statement was signed by Hitesh Birla, Chief Financial Officer of CFF Fluid Control Limited, on May 05, 2026. No modified objects were applicable, and no shareholder approval was sought for the variation, as the deviation arose from the internal reallocation of unutilised issue expenses.

CFF Fluid Control Limited has officially informed BSE Limited that it does not qualify under the Large Corporate category as per SEBI's regulatory framework. The company submitted its initial disclosure on April 13, 2026, confirming its exemption from specific regulatory requirements for the upcoming financial year.

Regulatory Classification Status

As of March 31, 2026, CFF Fluid Control Limited confirmed that it does not meet the applicability criteria specified under the Large Corporate framework. The classification is based on SEBI Circular SEBI/HO/DDHS/DDHS-RACPODI/P/CIR/2023/172 dated October 19, 2023, which updated the previous framework established under SEBI Operational circular no. SEBI/HO/DDHS/P/CIR/2021/613.

Compliance and Disclosure Requirements

The non-applicability status means CFF Fluid Control Limited is not required to file disclosures mandated under Chapter XII of the SEBI Large Corporate framework for Financial Year 2026-27. This exemption applies specifically to the requirements outlined in the updated framework that governs large corporate entities' disclosure obligations.

The company's Chief Financial Officer, Hitesh Birla, digitally signed the disclosure document, ensuring proper authentication and compliance with regulatory notification procedures. The formal communication was addressed to BSE Limited's Secretary at P.J Towers, Dalal Street, Mumbai, maintaining transparency with the stock exchange regarding the company's regulatory status.

Framework Background

The SEBI Large Corporate framework establishes specific criteria and disclosure requirements for companies that fall under the large corporate category. The framework has undergone revisions, with the most recent update issued on October 19, 2023, refining the applicability criteria mentioned in Clause 3.2 of the circular. Companies are required to assess their status annually and notify relevant stock exchanges of their classification to ensure appropriate compliance with regulatory requirements.