NewsEarningsDindigul Farm Products Reports No Deviation in IPO Fund Utilization, Posts Financial Results for H1 2025Dindigul Farm Products Reports No Deviation in IPO Fund Utilization, Posts Financial Results for H1 2025
Dindigul Farm Products Limited has reported no deviation in the utilization of its IPO funds for the half year ended September 30, 2025. The company raised Rs. 3,163.00 lakhs through its IPO, fully utilizing allocations for working capital and general corporate purposes. Capital expenditure funds are partially used, with the remainder expected to be utilized in future quarters. The company also released unaudited financial results and disclosed related party transactions, including dealings with associate companies and entities linked to directors.
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Dindigul Farm Products Limited, a key player in the agricultural sector, has reported no deviation in the utilization of funds raised through its Initial Public Offering (IPO) for the half year ended September 30, 2025. The company also released its unaudited financial results for the same period, showcasing its financial performance and adherence to regulatory requirements.
IPO Fund Utilization
The company raised Rs. 3,163.00 lakhs through its IPO, with the funds allocated for specific purposes:
| Purpose | Allocation (Rs. in Lakhs) | Utilization (Rs. in Lakhs) |
|---|---|---|
| Capital Expenditure | 1,212.33 | 750.44 |
| Working Capital Requirements | 1,384.00 | 1,384.00 |
| General Corporate Purposes | 566.67 | 566.67 |
Notably, Dindigul Farm Products has fully utilized the funds allocated for working capital requirements and general corporate purposes. The remaining amount from the capital expenditure allocation is expected to be used in subsequent quarters, aligning with the original IPO objectives.
The Audit Committee has confirmed that there has been no deviation in the utilization of funds, demonstrating the company's commitment to transparency and adherence to its stated goals.
Financial Performance
The company's Board of Directors approved the Unaudited Standalone Financial Results for the half year ended September 30, 2025, during a board meeting held on November 12, 2025.
Related Party Transactions
The company also disclosed its related party transactions for the half year, which included:
- Transactions with A R Dairy Food Private Limited, an associate company, involving the purchase and sale of goods or services.
- A loan from Indrayani Biotech Limited, the holding company.
- Power purchases from M/s. GK Wind Farm, an associate entity.
- Various transactions with entities in which directors or their relatives have interests, including purchases, sales, and loans.
These transactions underscore the interconnected nature of Dindigul Farm Products' operations within its corporate group and with related entities.
Corporate Governance
The company's prompt disclosure of its fund utilization, financial results, and related party transactions aligns with the regulatory requirements set by the Securities and Exchange Board of India (SEBI). This transparency is crucial for maintaining investor confidence and ensuring good corporate governance practices.
As Dindigul Farm Products Limited continues to utilize its IPO funds and navigate its business operations, investors and stakeholders will likely keep a close eye on the company's financial performance and strategic initiatives in the coming quarters.
Historical Stock Returns for Dindigul Farm Products
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | -100.00% | -100.00% | -100.00% | -100.00% | -100.00% |
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