iware supplychain services has filed its Statement of Deviation(s) or Variation(s) under Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as on 31st March, 2026. The statement was submitted to the National Stock Exchange of India and reviewed by the company's Audit Committee and Board of Directors at their meeting held on 12th May, 2026. The disclosure pertains to the utilisation of proceeds raised through the company's Initial Public Offering (IPO), as outlined in the Offer Document dated 24th April, 2025.

IPO Proceeds Utilisation Overview

The statement, certified by M/s. JAYAM & Associates LLP (FRN No. 130968W), Chartered Accountants, provides a detailed account of how IPO funds have been deployed across four stated objectives as at 31st March, 2026. While most objectives have been fully utilised, the capital expenditure allocation for the construction of a new industrial shed remains partially pending. The table below presents the utilisation status across all objectives (Rs in Lacs):

Industrial Shed Construction Faces Execution Delays

The only objective with a pending utilisation is the setting-up of an industrial shed at Chadvada Bhachau, Kutch, Gujarat. Against an original allocation of Rs 1,406.43 lacs, the company has utilised Rs 1,057.32 lacs, leaving Rs 349.11 lacs pending as of 31st March, 2026. The company attributed the shortfall to unforeseen labour shortages and execution-related challenges encountered during February and March 2026, which prevented the project from being completed within the stipulated timeline.

Auditor's Certification and Compliance

The statement has been independently certified by CA Rachit Shah (M. No. 157588), Designated Partner at JAYAM & Associates LLP, Chartered Accountants, Vadodara, dated 12th May, 2026. The auditor's opinion, based on verification of books of account, bank statements, mutual fund statements, vendor invoices, utilisation schedules, and written management representations, confirms that the Statement of Utilisation of IPO Proceeds is true and correct, and that the company has, in all material respects, utilised the IPO proceeds in accordance with the objectives stated in the Offer Document. The certificate was issued solely for submission to NSE EMERGE.

The filing was signed by Krishnakumar Jagadishprasad Tanwar, Managing Director (DIN: 0349482), on behalf of iware supplychain services, in compliance with Regulation 32(1)(a) and (b) of the SEBI (LODR) Regulations, 2015.

iware supplychain services has formally communicated to the National Stock Exchange of India Limited regarding the completion of the dispatch of the Notice for its Extra-Ordinary General Meeting (EGM). This disclosure was made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company confirmed that the Notice convening the EGM has been dispatched to the members of the company. The distribution was carried out through electronic mode, ensuring adherence to the applicable provisions of the Companies Act, 2013, and the SEBI (LODR) Regulations.

Extra-Ordinary General Meeting Details

The EGM is scheduled to take place on Tuesday, May 26, 2026. The intimation regarding the dispatch completion was officially recorded on May 4, 2026. The communication was digitally signed by Alka Kumari, who serves as the Compliance Officer & Company Secretary for the entity.

Key Information

The company has requested the exchange to take the above information on record. This announcement ensures that all stakeholders are informed about the procedural completion leading up to the scheduled general meeting.