Vandan Foods Ltd — Important, 31-03-2026: Company Update

Vandan Foods Limited has received its Monitoring Agency Report for the IPO proceeds utilization for the quarter. The report confirms there was no deviation from the stated objects of the IPO. The company raised Rs. 30.36 Cr, with net proceeds of Rs. 27.37 Cr after issue expenses. Funds were primarily for working capital, loan repayment, capital expenditure, and general corporate purposes, with most amounts already utilized as planned. A remaining unutilized balance of Rs. 0.10 Cr from the issue proceeds is held in the public issue account.