Vandan Foods Ltd — Important, 13-11-2025: Company Update

Vandan Foods Limited has reported on the utilization of its Initial Public Offering (IPO) funds. The company confirmed that there is no deviation in how the Rs. 30.36 Cr raised through the IPO have been utilized compared to the objects stated in its prospectus. The entire IPO proceeds have been fully deployed for their intended purposes, including working capital, debt repayment, capital expenditure for the Dhinoj Facility, general corporate needs, and issue-related expenses. This report, reviewed by the Audit Committee and approved by the Board, comes with a statutory auditor certificate.