VMS TMT Limited has submitted its quarterly statement of deviation in fund utilization to stock exchanges, reporting a variance in the deployment of IPO proceeds for the quarter ended December 31, 2025. The Gujarat-based company disclosed the deviation under SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.

IPO Fund Utilization Overview

The company raised Rs. 148.50 crore through its Initial Public Offering, with allotment completed on September 22, 2025. The IPO involved 1.50 crore equity shares priced at Rs. 99 per share, monitored by CARE Ratings Limited as the designated monitoring agency.

Fund Allocation and Utilization

The IPO proceeds were allocated across three primary objectives: debt repayment, general corporate purposes, and issue-related expenses. The company has utilized funds across all designated categories during the reporting period.

Deviation Details and Banking Procedures

The reported deviation of Rs. 2.81 crore stems from procedural requirements in the debt repayment process. On October 4, 2025, VMS TMT transferred Rs. 4,019.45 lakhs from the monitoring account to its cash credit account with SVC Bank for repaying working capital and term loan facilities.

The company explained that direct remittance to the term loan account was not permitted under banking procedures. The transferred amount was deposited into the cash credit account, requiring SVC Bank to appropriate and transfer the requisite amount to the term loan account for closure. However, the bank delayed this transfer pending internal approvals.

Resolution and Closure

The banking procedural issues were resolved on February 4, 2026, when SVC Bank received the necessary approvals and completed the loan closure process. The bank subsequently issued a no dues certificate confirming the complete repayment and closure of the facilities.

The company's audit committee reviewed the monitoring agency report and acknowledged the explanation provided for the deviation. No additional comments were recorded from the company's auditors regarding this matter.

Regulatory Compliance

VMS TMT Limited confirmed that the deviation did not result from changes in contract terms or objects approved by shareholders. The company maintains its registered office and factory at Survey No. 214, Near Water Tank, Bhayla, Bavla, Ahmedabad, Gujarat, and trades on both BSE (Scrip Code: 544521) and NSE (Symbol: VMSTMT).

VMS TMT Limited has formally notified stock exchanges about its upcoming board meeting scheduled for February 12, 2026, where directors will review and approve the company's third-quarter financial performance. The Gujarat-based company communicated this development to both BSE Limited and National Stock Exchange of India Limited as part of its regulatory disclosure obligations.

Board Meeting Details

The key aspects of the scheduled board meeting are outlined below:

Trading Window Restrictions

In accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, VMS TMT Limited has implemented mandatory trading restrictions. The trading window closure affects multiple stakeholder categories and follows a structured timeline to ensure regulatory compliance.

The trading restrictions encompass:

• Promoters and their immediate relatives
• Company directors and senior managerial personnel
• Other connected persons as defined under regulations

Company Information

VMS TMT Limited operates from its registered office and factory located at Survey No. 214, Near Water Tank, Bhayla, Bavla-382220, Ahmedabad, Gujarat. The company trades on stock exchanges under scrip code 544521 on BSE and security symbol VMSTMT on NSE, with ISIN code INE0SJA01013.

The notification was signed by Varun Manojkumar Jain, Managing Director (DIN: 03502561), ensuring proper authorization and compliance with corporate governance requirements. This scheduled board meeting represents part of the company's regular quarterly financial reporting cycle, maintaining transparency with stakeholders and regulatory authorities.