Vandan Foods Ltd — Important, 20-11-2025: Company Update

Vandan Foods Limited's Monitoring Agency Report details the utilization of its Initial Public Offering proceeds. The company successfully raised Rs. 30.36 crore, with Rs. 27.37 crore available for deployment. To date, Rs. 27.11 crore has been utilized towards funding working capital requirements, partial repayment of outstanding borrowings, and capital expenditure for its Dhinoj facility expansion. It's noted that one term loan was repaid using the company's internal accrual funds. Payments for capital expenditure represent advances for an ongoing project. The report confirms no deviation from the stated objects of the issue.