General information about company

Scrip code*544504
NSE Symbol*GOELCONS
MSEI Symbol*NOTLISTED
ISIN*INE0ZOM01013
Name of companyGoel Construction Company Limited
Type of companySME
Class of securityEquity
Date of start of financial year01-04-2025
Date of end of financial year31-03-2026
Date of board meeting when results were approved05-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange02-11-2025
Description of presentation currencyINR
Level of roundingLakhs
Reporting TypeHalf Yearly
Reporting QuarterHalf yearly
Nature of report standalone or consolidatedStandalone
Whether results are audited or unaudited for the quarter endedUnaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment ReportingSingle segment
Description of single segmentCivil Construction
Start date and time of board meeting05-11-2025 05:00
End date and time of board meeting05-11-2025 06:45
Whether cash flow statement is applicable on companyYes
Type of cash flow statementCash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualificationDeclaration of unmodified opinion
Whether the company has any related party?Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/publicNA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of bank’s staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.NA
(III) Whether the company is a ‘high value debt listed entity’ according to regulation 15 (1A)?No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?Yes
Latest Date on which RPT policy is updated12-03-2025
Indicate Company website link for updated RPT policy of the Companygoelconstruction.co.in
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?Yes
No. of times funds raised during the quarter1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?NoThere is no default during the period under review, therefore, there is no disclosure requirement



Financial Results – Other than Bank

Particulars3 months/ 6 months ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period01-04-202501-04-2025
Date of end of reporting period30-09-202530-09-2025
Whether results are audited or unauditedUnauditedUnaudited
Nature of report standalone or consolidatedStandaloneStandalone
Part IBlue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1Revenue From Operations
Revenue from operations24537.724537.7
Other income334.13334.13
Total Income24871.8324871.83
2Expenses
(a)Cost of materials consumed5212.15212.1
(b)Purchases of stock-in-trade00
(c)Changes in inventories of finished goods, work-in-progress and stock-in-trade-492.2-492.2
(d)Employee benefit expense 3077.283077.28
(e)Finance costs479.51479.51
(f)Depreciation and amortisation expense404.92404.92
(g)Other Expenses
1Construction Expenses13581.1213581.12
2Other than construction expenses378.08378.08
Total other expenses13959.213959.2
Total expenses22640.8122640.81
3Profit before exceptional and extraordinary items and tax 2231.022231.02
4Exceptional items 00
5Profit before extraordinary items and tax2231.022231.02
6Extraordinary items00
7Profit before tax2231.022231.02
8Tax Expense
Current tax555.94555.94
Deferred tax-1.27-1.27
Total tax expenses554.67554.67
9Net Profit Loss for the period from continuing operations1676.351676.35
10Profit (loss) from discontinuing operations before tax00
11Tax expense of discontinuing operations00
12Net profit (loss) from discontinuing operation after tax00
13Profit (loss) for period before minority interest1676.351676.35
14Share of profit (loss) of associates
15Profit (loss) of minority interest
16Net profit (Loss) for the period1676.351676.35
17Details of equity share capital
Paid-up equity share capital1444.961444.96
Face value of equity share capital1444.961444.96
Details of debt securities
18Reserves excluding revaluation reserve
19Earnings per equity share (for continuing and discontinued operations)
Basic earnings (loss) per share from continuing and discontinued operations14.214.2
Diluted earnings (loss) per share from continuing and discontinued operations14.214.2
20Debt equity ratioTextual Information( 1)
21Debt service coverage ratioTextual Information( 2)
22Interest service coverage ratioTextual Information( 3)
23Disclosure of notes on financial resultsTextual Information( 4)

Text Block

Textual Information(4)1. The above financial results which are Published in accordance with Regulation 33 of SEBI(Listing Obligation & Disclosure Requirements),2015 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meeting held on 5th November, 2025 , the Financial Results have been prepared in accordance with the Accounting Standards (AS) as prescribed under Section 133 of the Companies Act, 2023 read with Rule 7 of Company (Account) Rules 2014 by the Ministry of Corporate Affairs and amendments thereof. 2. As per MCA Notification dated 16th February, 2015 , Companies whose shares are listed on SME exchange as referred to in Chapter XB of SEBI (Issue of Capital and Disclosure Requirements) Regulation , 2009 are exempted from compulsory requirement of adoption of IND-AS. 3. During the six month period ended September 30, 2025, Company has completed an initial public offerings (IPO) of 38,08,000 equity shares of face value Rs. 10 at an issue price of Rs. 263 per share (including equity shares of 44,400 with a face value of Rs. 10 each at an issue price of Rs. 253 per share under employee reservation) which comprises of fresh equity issue of 30,84,400 shares aggregating to Rs. 8,107.53 lakhs. 4. All activities of the Company revolve around the main business and as such there is no separate reportable business segment. 5. Earning per share is calculated on weighted average number of the shares issued by the Company and the half year EPS is not annualised. 6. Figures of the Half year ended on 31 March 2025 represent the difference between the audited figures in respect of full financial year and the published audited figures of six months ended September 30, 2024. 7. The figures for the Corresponding previous period/year have been regrouped / reclassified, wherever necessary. 8. The Statutory Auditors have carried out the Limited Review of the these unaudited financial results of the Company. 9. There were no exceptional and extra-ordinary items for the reporting period. 10. Finance Cost includes LC discounting charges of Rs. 325.22 lakhs for half year ended September 30, 2025 and short term borrowings as on September 30, 2025 includes amount reclassified from long term borrowings which is repayable from IPO proceeds. 11. The proceeds of IPO have been utilised till September 30, 2025 as per the below mentioned table As per offer document, the Company allocated Rs. 651.86 towards issue-related expenses which are inclusive of GST of which Rs. 620.41 has been utilised and Rs. 31.45 remains unutilised. For capital expenditure towards purchase of additional equipment and fleets, Rs. 4,174.38 was allocated, with Rs. 1,148.36 utilised and Rs. 3,026.02 unutilised. For repayment and prepayment of certain outstanding borrowings availed by the Company, Rs. 2,305.25 was allocated, with Rs. 74.47 utilised and Rs. 2,230.78 unutilised. For General Corporate Purposes, Rs. 973.12 was allocated; the revised amount is Rs.976.04, all of which has been utilised and hence there is no unutilised balance. Consequently, Gross Proceeds aggregate Rs. 8,104.61 on allocation and Rs. 8,107.53 on a revised basis, of which Rs. 2,819.28 has been utilised and Rs. 5,288.25 remains unutilised.



Statement of Asset and Liabilities

ParticularsHalf Year ended (dd-mm-yyyy)
Date of start of reporting period01-04-2025
Date of end of reporting period30-09-2025
Whether results are audited or unauditedUnaudited
Nature of report standalone or consolidatedStandalone
Equity and liabilities
1Shareholders' funds
Share capital1444.96
Reserves and surplus21023.86
Money received against share warrants
Total shareholders' funds22468.82
2Share application money pending allotment0
3Deferred government grants
4Minority interest
5Non-current liabilities
Long-term borrowings250.65
Deferred tax liabilities (net)124.69
Foreign currency monetary item translation difference liability account
Other long-term liabilities
Long-term provisions169.31
Total non-current liabilities544.65
6Current liabilities
Short-term borrowings2099.2
Trade Payables
(A) Total outstanding dues of micro enterprises and small enterprises444.78
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises3411.17
Total Trade payable3855.95
Other current liabilities10273.53
Short-term provisions168.54
Total current liabilities16397.22
Total equity and liabilities39410.69
Assets
1Non-current assets
(i)Property, Plant and Equipment and Intangible assets
Property, Plant and Equipment8492.53
Producing properties
Intangible assets8.85
Preproducing properties
Property, Plant and Equipment capital work-in-progress795.79
Intangible assets under development or work-in-progress
Total Property, Plant and Equipment and Intangible assets9297.17
(ii)Non-current investments180.64
(v)Deferred tax assets (net)
(vi)Foreign currency monetary item translation difference asset account
(vii)Long-term loans and advances55.44
(viii)Other non-current assets2478.07
Total non-current assets12011.32
2Current assets
Current investments0
Inventories4181.76
Trade receivables2807.04
Cash and cash equivalents2965.41
Bank balance other than cash and cash equivalents10128.11
Short-term loans and advances3826.78
Other current assets3490.27
Total current assets27399.37
Total assets39410.69

Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Particulars3 months/ 6 months ended (dd-mm-yyyy)Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period01-04-202501-04-2025
Date of end of reporting period30-09-202530-09-2025
Whether results are audited or unauditedUnauditedUnaudited
Nature of report standalone or consolidatedStandaloneStandalone
1Segment Revenue
(net sale/income from each segment should be disclosed)
Total segment revenue
Less: Inter segment revenue
Revenue from operations
2Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other unallocable expenditure net off unallocable income
Profit before tax
3(Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Assets
Un-allocable Assets
Net Segment Assets
4Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities
Net Segment Liabilities

Cash flow statement - indirect

ParticularsHalf Year ended (dd-mm-yyyy)
Date of start of reporting period01-04-2025
Date of end of reporting period30-09-2025
Whether results are audited or unauditedUnaudited
Nature of report standalone or consolidatedStandalone
1Statement of cash flows
Cash flows from used in operating activities
Profit before extraordinary items and tax2231.02
2Adjustments for reconcile profit (loss)
Adjustments to profit (loss)
Adjustments for finance costs479.52
Adjustments for depreciation and amortisation expense404.92
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss0
Adjustments for unrealised foreign exchange losses gains0
Adjustments for dividend income0
Adjustments for share-based payments0
Other adjustments for which cash effects are investing or financing cash flow0
Other adjustments to reconcile profit (loss)0
Other adjustments for non-cash items0
Share of profit and loss from partnership firm or association of persons or limited liability partnerships0
Total adjustments to profit (loss)884.44
3Adjustments for working capital
Adjustments for decrease (increase) in inventories-3066.24
Adjustments for decrease (increase) in trade receivables-30.25
Adjustments for decrease (increase) in other current assets-912.16
Adjustments for increase (decrease) in trade payables443.9
Adjustments for increase (decrease) in other current liabilities3641.49
Adjustments for provisions101.29
Total adjustments for working capital178.03
Total adjustments for reconcile profit (loss)1062.47
Net cash flows from (used in) operations3293.49
Dividends received0
Interest paid0
Interest received-314.62
Income taxes paid (refund)595.27
Other inflows (outflows) of cash0
Net cash flows from (used in) operating activities before extraordinary items2383.6
Proceeds from extraordinary items0
Payment for extraordinary items0
Net cash flows from (used in) operating activities2383.6
4Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses0
Cash flows used in obtaining control of subsidiaries or other businesses0
Other cash receipts from sales of equity or debt instruments of other entities0
Other cash payments to acquire equity or debt instruments of other entities0
Other cash receipts from sales of interests in joint ventures0
Other cash payments to acquire interests in joint ventures0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships0
Proceeds from sales of property plant and equipment0
Purchase of property plant and equipment1663.47
Proceeds from sales of intangible assets0
Purchase of intangible assets8.85
Cash advances and loans made to other parties0
Cash receipts from repayment of advances and loans made to other parties3.77
Cash payments for future contracts, forward contracts, option contracts and swap contracts0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts0
Dividends received0
Interest received314.62
Income taxes paid (refund)0
Other inflows (outflows) of cash-5950.87
Proceeds from government grants0
Net cash flows from (used in) investing activities before extraordinary items-7304.8
Proceeds from extraordinary items0
Payment for extraordinary items0
Net cash flows from (used in) investing activities-7304.8
5Cash flows from used in financing activities
Proceeds from issuing shares7560.63
Proceeds from issuing other equity instruments0
Proceeds from issuing debentures notes bonds etc0
Proceeds from borrowings353.04
Repayments of borrowings874.16
Dividends paid0
Interest paid479.52
Income taxes paid (refund)0
Other inflows (outflows) of cash0
Net cash flows from (used in) financing activities before extraordinary items6559.99
Proceeds from extraordinary items0
Payment for extraordinary items0
Net cash flows from (used in) financing activities6559.99
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes1638.79
6Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents0
Net increase (decrease) in cash and cash equivalents1638.79
Cash and cash equivalents cash flow statement at beginning of period1326.62
Cash and cash equivalents cash flow statement at end of period2965.41

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)

Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Sr. No.Details of the party (listed entity /subsidiary) entering into the transactionDetails of the counterpartyType of related party transactionDetails of other related party transactionValue of the related party transaction as approved by the audit committeeRemarks on approval by audit committeeValue of the related party transaction ratified by the audit committeeDate of Audit Committee Meeting where the ratification was approvedValue of transaction during the reporting periodIn case monies are due to either party as a result of the transactionIn case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investmentsDetails of the loans, inter-corporate deposits, advances or investments
NamePANNamePANRelationship of the counterparty with the listed entity or its subsidiaryOpening balanceClosing balanceNature of indebtedness (loan/ issuance of debt/ any other etc.)Details of other indebtednessCostTenureNature (loan/ advance/ intercorporate deposit/ investment)Interest Rate (%)TenureSecured/ unsecuredPurpose for which the funds will be utilised by the ultimate recipient of funds (endusage)Notes
1Goel Construction Company LimitedAAACG7717RPurushottam Dass GoelABCPG8495LKey Management PersonnelRemuneration66NA333.038
2Goel Construction Company LimitedAAACG7717RPurushottam Dass GoelABCPG8495LKey Management PersonnelInterest paid0.4NA0.48.949.34Loan10.00%5Unsecured Business purpose
3Goel Construction Company LimitedAAACG7717RArun Kumar GoelABCPG8570EKey Management PersonnelRemuneration54NA2711.66.3
4Goel Construction Company LimitedAAACG7717RArun Kumar GoelABCPG8570EKey Management PersonnelInterest paid0.51NA0.5110.2510.71Loan10.00%5Unsecured Business purpose
5Goel Construction Company LimitedAAACG7717RChaman LalAATPL7140HKey Management PersonnelAny other transactionDirector sitting fees0.15NA0.150.30.15
6Goel Construction Company LimitedAAACG7717RSakshi AgarwalBVHPA3032PKey Management PersonnelAny other transactionDirector sitting fees0.6NA0.62.030.6
7Goel Construction Company LimitedAAACG7717RMahesh Chandra AgrawalACIPA7375GKey Management PersonnelAny other transactionDirector sitting fees0.45NA0.450.680.45
8Goel Construction Company LimitedAAACG7717RNaresh Kumar GoelABCPG8526CRelatives of KMPInterest paid0.04NA0.040.760.8Loan10.00%5Unsecured Business purpose
9Goel Construction Company LimitedAAACG7717RNaresh Kumar GoelABCPG8526CRelatives of KMPAny other transactionRent paid0.42NA0.4200.14
10Goel Construction Company LimitedAAACG7717RRatan Kumar GoelABCPG8571FRelatives of KMPAny other transactionSalary25.8NA12.99.112.9
11Goel Construction Company LimitedAAACG7717RRatan Kumar GoelABCPG8571FRelatives of KMPInterest paid0.12NA0.122.392.49Loan10.00%5Unsecured Business purpose
12Goel Construction Company LimitedAAACG7717RRatan Kumar GoelABCPG8571FRelatives of KMPAny other transactionRent paid0.42NA0.4200.14
13Goel Construction Company LimitedAAACG7717RSatish GoelABCPG8645ARelatives of KMPInterest paid0.39NA0.397.818.17Loan10.00%5Unsecured Business purpose
14Goel Construction Company LimitedAAACG7717RSatish GoelABCPG8645ARelatives of KMPAny other transactionGratuity paid8.31NA8.310.270
15Goel Construction Company LimitedAAACG7717RPrem GoelABKPG0351KRelatives of KMPInterest paid0.7NA0.713.9614.59Loan10.00%5Unsecured Business purpose
16Goel Construction Company LimitedAAACG7717RPrem GoelABKPG0351KRelatives of KMPAny other transactionGratuity paid5.45NA5.4500
17Goel Construction Company LimitedAAACG7717RVijay Kumar GoelABCPG8421CRelatives of KMPInterest paid0.17NA0.173.393.54Loan10.00%5Unsecured Business purpose
18Goel Construction Company LimitedAAACG7717RInder GoelABKPG9077ERelatives of KMPAny other transactionSalary22.2NA11.11.312.67
19Goel Construction Company LimitedAAACG7717RRaman GoelABJPG8126DRelatives of KMPAny other transactionSalary8.4NA4.21.821.37
20Goel Construction Company LimitedAAACG7717RAmit GoelAASPG5064ERelatives of KMPAny other transactionSalary30NA159.343.47
21Goel Construction Company LimitedAAACG7717RAmit GoelAASPG5064ERelatives of KMPAny other transactionRent paid0.42NA0.4200.14
22Goel Construction Company LimitedAAACG7717RAmit GoelAASPG5064ERelatives of KMPInterest paid0.02NA0.020.440.46Loan10.00%5Unsecured Business purpose
23Goel Construction Company LimitedAAACG7717RAnuj GoelAAVPG8506GRelatives of KMPAny other transactionSalary30NA151.583.47
24Goel Construction Company LimitedAAACG7717RAnuj GoelAAVPG8506GRelatives of KMPInterest paid0.02NA0.020.350.37Loan10.00%5Unsecured Business purpose
25Goel Construction Company LimitedAAACG7717RAnuj ConstructionAAVPG8506GEnterprises in which Key Management Person and their Relatives are interestedAny other transactionRent paid0.42NA0.4200.17
26Goel Construction Company LimitedAAACG7717RAnuj ConstructionAAVPG8506GEnterprises in which Key Management Person and their Relatives are interestedAny other transactionConract receipts428.24NA428.24115.33343.06
27Goel Construction Company LimitedAAACG7717RIsha GoelAIZPG1841QRelatives of KMPAny other transactionSalary12NA65.251.5
28Goel Construction Company LimitedAAACG7717RIsha GoelAIZPG1841QRelatives of KMPAny other transactionRent paid0.85NA0.850.680.17
29Goel Construction Company LimitedAAACG7717RIsha GoelAIZPG1841QRelatives of KMPInterest paid0.07NA0.071.491.57Loan10.00%5Unsecured Business purpose
30Goel Construction Company LimitedAAACG7717RSoni GoelAITPG6170EKey Management PersonnelRemuneration18NA66.111.72
31Goel Construction Company LimitedAAACG7717RSoni GoelAITPG6170EKey Management PersonnelAny other transactionSalary3.75NA3.756.111.72
32Goel Construction Company LimitedAAACG7717RSoni GoelAITPG6170EKey Management PersonnelInterest paid0.87NA0.8717.410Loan10.00%5Unsecured Business purpose
33Goel Construction Company LimitedAAACG7717RSoni GoelAITPG6170EKey Management PersonnelAny other transactionRepayment of loan18.19NA18.1917.410Loan10.00%5Unsecured Business purpose
34Goel Construction Company LimitedAAACG7717RKhushboo GoyalANHPK6277HRelatives of KMPAny other transactionConsultancy Fees3.6NA1.80.810
35Goel Construction Company LimitedAAACG7717RAyushi GoyalBRYPG4188DRelatives of KMPAny other transactionSalary7.2NA3.60.480.9
36Goel Construction Company LimitedAAACG7717RChinmay GoelDGGPG8264M Relatives of KMPAny other transactionSalary28.8NA14.45.225.12
37Goel Construction Company LimitedAAACG7717RMohak GoelDSZPG9197L Relatives of KMPAny other transactionSalary28.8NA14.45.227.08
38Goel Construction Company LimitedAAACG7717RAshwani GoelAHHPG7696JRelatives of KMPAny other transactionSalary36NA1813.434.1
39Goel Construction Company LimitedAAACG7717RAshwani GoelAHHPG7696JRelatives of KMPAny other transactionRent paid0.6NA0.600
40Goel Construction Company LimitedAAACG7717RNatwar Lal LadhaACYPL9560EKey Management PersonnelAny other transactionSalary27NA13.500
41Goel Construction Company LimitedAAACG7717RNatwar Lal LadhaACYPL9560EKey Management PersonnelAdvance9.2NA9.213.821.5
42Goel Construction Company LimitedAAACG7717RNatwar Lal LadhaACYPL9560EKey Management PersonnelAny other transactionAdvance received back1.5NA1.513.821.5
43Goel Construction Company LimitedAAACG7717RSurbhi MalooEVGPM3054RKey Management PersonnelAny other transactionSalary7.56NA3.780.530.61
44Goel Construction Company LimitedAAACG7717RSurbhi MalooEVGPM3054RKey Management PersonnelAdvance7.1NA7.104
45Goel Construction Company LimitedAAACG7717RSurbhi MalooEVGPM3054RKey Management PersonnelAny other transactionAdvance received back3.1NA3.104
46Goel Construction Company LimitedAAACG7717RGoel Construction Company, HisarAAQFG5888AEnterprises in which Key Management Person and their Relatives are interestedAny other transactionWorks Expenses291.97NA291.97187.35159.13
47Goel Construction Company LimitedAAACG7717RGoel Construction Company, HisarAAQFG5888AEnterprises in which Key Management Person and their Relatives are interestedAny other transactionAdvance against Work159.13NA159.13187.35159.13
Total value of transaction during the reporting period1143.26



Details of Impact of Audit Qualification

Whether results are audited or unauditedUnaudited
Declaration of unmodified opinion or statement on impact of audit qualificationDeclaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone resultsYes
Audit firm's nameWhether the firm holds a valid peer review certificate issued by Peer Review Board of ICAICertificate valid upto
1Ravi Sharma & CoYes31-03-2028



Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Mode of Fund RaisingPublic Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds05-09-2025
Amount Raised8107.53
Report filed for Quarter ended30-09-2025
Monitoring AgencyApplicable
Monitoring Agency Name, if applicableCrisil Ratings Limited
Is there a Deviation / Variation in use of funds raisedNo
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / VariationNot Applicable
Comments of the Audit Committee after reviewNil
Comments of the auditors, if anyNil


Sr.Original ObjectModified Object, if anyOriginal AllocationModified allocation, if anyFunds UtilisedAmount of Deviation/Variation for the quarter according to applicable objectRemarks if any
1Capital expenditure towards purchase of additional equipments and fleetsNot applicable4174.3801148.360
2Repayment / prepayment of certain outstanding borrowings availed by our CompanyNot applicable2305.25074.470
3General Corporate PurposesNot applicable973.12976.04976.040A portion of the Initial Public Offer (IPO) being 73600 Equity Shares not exceeding 0.51 percent of the Post Offer Equity Share Capital of the Company, was available for allocation to Eligible Employees, on a proportionate basis (Employee Reservation Portion), aggregating to Rs 186.21 lakhs, carrying a discount of Rs 10 per Equity Share on the Offer Price of Rs 263. Accordingly, the Net proceeds as stated in the Prospectus was Rs 8,104.61 lakhs assuming full subscription in Employee Reservation Portion. However, as per the Basis of Allotment approved by BSE Limited, there was an undersubscription of 29,200 Equity Shares in the Employee Reservation Portion, which were then allotted to other categories (to which such discount was not applicable), in accordance with applicable provisions of SEBI ICDR Regulations and the Prospectus. Hence, an excess of Rs 2.92 lakhs was received due to allotment to other categories to which discount was not applicable. Therefore, the Net Proceeds from the Offer results as Rs 8,107.53 Lakhs post addition of in Rs 2.92 lakhs. The said excess amount resulting from the undersubscription in employee reservation portion has been utilised towards General Corporate Purposes (GCP), hence GCP stands revised to Rs 976.04 Lakhs instead of Rs 973.12 Lakhs as stated in Prospectus, however the amount utilized for GCP is not exceeding 15 percent of the Gross Proceeds or Rs 10 crores whichever is lower, in compliance with applicable provisions of SEBI ICDR Regulations.
4Issue ExpensesNot applicable651.860620.410Total issue related expenses as stated in Prospectus was Rs. 803.74 lakhs (Inclusive of GST as applicable). Out of the Total Offer related expense of Rs. 803.74, Rs. 651.86 Lakhs was apportioned to the Company from Fresh Issue Proceeds and Rs.151.88 Lakhs was apportioned to Selling Shareholders (Except for the Listing fees, which was borne by the Company, all other expenses relating to the Offer as mentioned in the Prospectus are being borne by the Company and the Selling Shareholders in proportion to the Equity Shares contributed / offered in the Initial Public Offer).


Signatory Details

Name of signatorySurbhi Maloo
Designation of personCompany Secretary and Compliance Officer
PlaceJaipur
Date05-11-2025