NewsYash Optics & Lens Confirms No Deviation in IPO Proceeds Utilisation for Quarter Ended March 31, 2026Yash Optics & Lens Confirms No Deviation in IPO Proceeds Utilisation for Quarter Ended March 31, 2026
Yash Optics & Lens Limited has confirmed no deviation or variation in the utilisation of its IPO proceeds for the quarter and financial year ended March 31, 2026, as per a filing under Regulation 32 of SEBI Listing Regulations. The company raised gross proceeds of Rs. 53,14,89,600/- and net proceeds of Rs. 49,89,10,000/- through its IPO, which opened on March 27, 2024 and closed on April 03, 2024. Out of total net proceeds of Rs. 4989.10 lakhs, Rs. 4822.91 lakhs have been utilised, with an unutilised balance of Rs. 166.19 lakhs under the plant and machinery purchase objective. The Audit Committee and statutory auditors confirmed that all funds were deployed in accordance with the prospectus objects, and the statement was approved by the Board on May 09, 2026.
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Yash Optics & Lens Limited has submitted a statement of deviation or variation in utilisation of IPO proceeds under Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the quarter and financial year ended March 31, 2026. The filing, reviewed by the Audit Committee and taken on record by the Board at their meeting held on May 09, 2026, confirms that there has been no deviation or variation in the use of funds raised through the company's Initial Public Offer.
IPO Fund Raising Details
The company raised funds through its Initial Public Offer, with the issue opening on March 27, 2024 and closing on April 03, 2024. IPO funds were credited to the company's account on April 8, 2024 (INR 45,00,00,000) and April 12, 2024 (INR 8,14,89,600). The key details of the fund raising are summarised below:
| Parameter: | Details |
|---|---|
| Mode of Fund Raising: | Initial Public Issue |
| Issue Opening Date: | March 27, 2024 |
| Issue Closing Date: | April 03, 2024 |
| Gross Proceeds: | Rs. 53,14,89,600/- |
| Net Proceeds: | Rs. 49,89,10,000/- |
| Report Period: | Quarter ended March 31, 2026 |
| Monitoring Agency: | Not Applicable |
| Deviation / Variation: | No |
Utilisation of IPO Proceeds
As on March 31, 2026, Yash Optics & Lens has utilised Rs. 4822.91 lakhs out of the total net proceeds of Rs. 4989.10 lakhs, leaving an unutilised balance of Rs. 166.19 lakhs. The unutilised amount pertains solely to the purchase of plant and machinery at the existing manufacturing unit. The object-wise breakdown of fund allocation and utilisation is presented below:
| Original Object: | Original Allocation (in Lakhs) | Funds Utilised (in Lakhs) | Unutilised Amount till March 31, 2026 (in Lakhs) |
|---|---|---|---|
| Funding of Capital expenditure for setting up a manufacturing unit for backward integration: | Rs. 1825.00 | Rs. 1825.00 | NIL |
| Purchase of Plant and Machinery at existing manufacturing unit: | Rs. 1185.76 | Rs. 1019.57 | Rs. 166.19 |
| Repayment/prepayment of certain borrowings availed by the Company: | Rs. 600.00 | Rs. 600.00 | NIL |
| Funding Working Capital Requirements of the Company: | Rs. 1000.00 | Rs. 1000.00 | NIL |
| General corporate purposes: | Rs. 378.34 | Rs. 378.34 | NIL |
| Total: | Rs. 4989.10 | Rs. 4822.91 | Rs. 166.19 |
Audit Committee and Auditor Observations
The Audit Committee reviewed the utilisation statement and confirmed that there was no deviation or variation in the use of funds raised from the Initial Public Offer. The statutory auditors, Chhogmal & Co., Chartered Accountants (Firm Registration No: 101826W), also submitted a disclosure for utilisation of issue proceeds as on March 31, 2026, corroborating the fund utilisation figures. The auditor's comments on any deviation were recorded as NIL.
The filing was signed by CS Adrata Anil Srivastav, Company Secretary cum Compliance Officer of Yash Optics & Lens Limited, on May 09, 2026, and submitted to the Listing Department of the National Stock Exchange Limited in compliance with SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019.
Historical Stock Returns for Yash Optics & Lens
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.05% | -2.68% | +10.26% | +11.21% | +57.32% | +39.16% |
When does Yash Optics & Lens plan to fully deploy the remaining Rs. 166.19 lakhs allocated for plant and machinery purchases, and what specific equipment acquisitions are pending?
How has the newly set up backward integration manufacturing unit contributed to Yash Optics & Lens's revenue and margin profile since becoming operational?
Given the completion of debt repayment and working capital deployment from IPO proceeds, is Yash Optics & Lens considering any additional fundraising to support future capacity expansion?
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