Vandan Foods Ltd — Important, 22-05-2026: Company Update

Vandan Foods Limited has announced that there is no deviation in the utilization of funds raised through its Initial Public Offering (IPO). The company raised Rs. 30.36 crore via its IPO in July 2025. For the half-year ended March 31, 2026, the funds have been used as per the objects outlined in the IPO prospectus. This was reviewed by the Audit Committee and certified by Statutory Auditors, confirming adherence to the stated plans. This update provides transparency to investors on how the IPO proceeds are being deployed.