Patel Chem Specialities Ltd — Important, 28-05-2026: Company Update

Patel Chem Specialities Limited has confirmed no deviation in the use of funds raised from its Initial Public Offer (IPO) for the half-year ended March 31, 2026. The company secured ₹58.80 Cr through the IPO. Out of the allocated ₹7.25 Cr for issue expenses, ₹0.35 Cr remains for future use. The ₹8.40 Cr designated for general corporate purposes is fully utilized. For capital expenditure, ₹43.15 Cr was allocated, with ₹35.89 Cr currently unutilized and held in a Fixed Deposit. This update provides transparency to investors on the planned deployment of IPO proceeds.