Valencia India Ltd — Important, 28-05-2026: Company Update

Valencia India Limited confirmed its IPO proceeds, totaling 48.95 Cr (including 4.95 Cr from Offer For Sale), are being utilized as originally planned. The Audit Committee reviewed and approved this status, confirming no deviation in the use of funds for their stated objectives. While the bulk has been deployed for developing villas, clubhouses, and general corporate purposes, 1.53 Cr earmarked for development is currently held in a fixed deposit, awaiting utilization. This ensures shareholder confidence that funds align with prospectus objectives.