Avi Ansh Textile Limited Certifies Utilization of Net Proceeds from Issue of Shares
Avi Ansh Textile Limited has received a certificate from Kuldeep Sharma & Associates Chartered Accountants confirming the utilization of net proceeds generated from the issue of shares and warrants as of March 31, 2026. The certificate details how the funds raised were deployed across various corporate purposes.The utilization report provides a clear breakdown, comparing the amount originally disclosed in the offer documents against the actual amounts utilized by the company.
According to the certificate issued by the statutory auditor, the total proceeds from the issue of shares and warrants amounted to 2599.04 INR in lakhs. The utilization details are as follows:
| S.No | Object as disclosed in offer documents | Amount disclosed in the offer documents (INR in Lakhs) | Actual Utilized Amount 31st March 2026 (INR in Lakhs) | Unutilized Amount as on 31st March 2026 (INR in Lakhs) |
|---|---|---|---|---|
| 1 | Term Loan Repayment | 394.76 | 394.76 | Nil |
| 2 | Funding of the working capital requirement of the company | 2011.94 | 2011.94 | Nil |
| 3 | General Corporate Purposes | 55.34 | 55.34 | Nil |
| 4 | IPO Expenses | 137 | 137 | Nil |
| Total | 2599.04 | 2599.04 | Nil |
The data confirms that the company utilized the full amount raised, with the total utilized proceeds standing at 2599.04 INR in lakhs as of the close of business on March 31, 2026.
AVIANSH Stock Price Movement
Today, Avi Ansh Textile Limited shares slipped by 0.22% to settle at ₹111.5 in post-market trading. The equity saw a trading range today, operating between a high of ₹111.5 and a low of ₹111.25 on a volume of 2,000 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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