Aztec Fluids & Machinery Ltd — Updates, 23-05-2025: Company Update

Aztec Fluids and Machinery Limited has announced that there is no deviation or variation in the utilization of IPO proceeds amounting to Rs. 24.12 Cr as per the objectives stated in its prospectus. Funds primarily went towards acquiring equity shares of Jet Inks Private Limited and repaying a portion of borrowings, with nearly full utilization reported. A minor pending payment related to Jet Inks is under RBI compliance and is in process. The Audit Committee has reviewed and approved the statement, confirming adherence to the planned use of funds, ensuring transparency for shareholders.