NewsCorporate ActionsL.K. Mehta Polymers Confirms Full Compliance in IPO Fund Utilization for H1 2025L.K. Mehta Polymers Confirms Full Compliance in IPO Fund Utilization for H1 2025
LK Mehta Polymers Limited has reported complete compliance in utilizing its IPO proceeds for the half-year ended September 30, 2025. The company raised INR 7.38 crores, of which INR 6.62 crores have been utilized as per the original plan outlined in their IPO prospectus. The remaining INR 76.59 lakhs is held in a fixed deposit. The funds were used for working capital requirements, general corporate purposes, and IPO-related expenses. The company also disclosed other corporate actions including approval of H1 2025 financial results and initiation of a Postal Ballot process.
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LK Mehta Polymers Limited has reported full compliance in the utilization of its Initial Public Offering (IPO) proceeds for the half-year ended September 30, 2025. The company has confirmed that there were no deviations from the intended use of funds raised through its public issue.
IPO Fund Utilization
The company provided a detailed breakdown of its IPO fund utilization:
| Particulars | Amount (in INR) |
|---|---|
| Total IPO Funds Raised | 7,38,40,000.00 |
| Funds Utilized | 6,61,80,519.00 |
| Remaining Funds | 76,59,481.00 |
LK Mehta Polymers has utilized INR 6.62 crores out of the total IPO funds of INR 7.38 crores. The remaining amount of INR 76.59 lakhs is currently held in a fixed deposit with HDFC Bank.
Fund Allocation
The company stated that the funds have been used as per the original plan outlined in their IPO prospectus:
- Funding Working Capital Requirements
- General Corporate Purposes
- IPO-related Expenses
Regulatory Compliance
In adherence to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, LK Mehta Polymers submitted a statement confirming no deviations or variations in the use of IPO proceeds. This statement was reviewed and approved by both the Audit Committee and the Board of Directors in their meeting held on November 14, 2025.
Additional Corporate Actions
The company also disclosed other significant corporate actions in its LODR filing:
- Approval of Unaudited Financial Results for H1 2025
- Initiation of a Postal Ballot process
- Appointment of a Scrutinizer for the Postal Ballot (E-Voting)
- Setting November 14, 2025, as the cut-off date for determining shareholder eligibility for the Postal Ballot notice
- Appointment of CDSL as the E-Voting agency
These actions demonstrate LK Mehta Polymers' commitment to transparency and regulatory compliance in its operations and shareholder engagement.
The company's proactive disclosure and proper utilization of IPO funds reflect positively on its corporate governance practices, which may be of interest to current and potential investors.
Historical Stock Returns for LK Mehta Polymers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.41% | -0.96% | +9.81% | 0.0% | -24.59% | -24.59% |
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