Vandan Foods Ltd — Important, 15-05-2026: Company Update

Vandan Foods Limited has received its Monitoring Agency Report for the quarter, confirming no deviation in the utilization of its IPO proceeds. The company voluntarily complies with these monitoring requirements. From its Rs. 30.36 crore IPO, after Rs. 2.99 crore expenses, Rs. 27.37 crore was available. The company utilized Rs. 29.88 crore by Q2FY26 and an additional Rs. 0.38 crore in Q3FY26, with no utilization in the latest quarter. An unutilized balance of Rs. 0.105 crore remains. The company's board has approved extending the utilization timeline for some project proceeds into subsequent financial years, aligning with the original prospectus.