NSEStatement of deviation(s) or variation(s) under Reg. 322d ago · 29 Oct 2026, 05:49 pm
Statement of deviation(s) or variation(s) under Reg. 32
Steamhouse India Limited · STEAMHOUSE
✦ AI SummaryFundraise
Steamhouse India Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32, stating that there has been no deviation or variation in the utilisation of the IPO proceeds from the objects stated in the Prospectus of the Company.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Steamhouse India Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
Attachments (1)
📄pdf
Download →
CAVAIBHAVGATTANI_29102026174852_Statement_of_Deviation.pdf
View document text
STEAMHOUSE INDIA LIMITED 4 steamhouse”
Date: 29 October 2026
Ref. No.: SHIL/OCT/29/03/2026-27
To To
Department of Corporate Services National Stock Exchange of India Limited
BSE Limited Eschange Plaza, C-1, Block G
Phiroze Jecjecbhoy Towers Bandra Kurla Comples
Dalal Street, Mambai — 400 001 Bandra (E), Mumbai — 400 051
Scrip Code: 544914 (BSE) Symbol: STEAMHOUSE (NSE)
ISIN: INEOFRO01022
Subject: Statement of Deviation or Variation in utilization of funds raised under Regulation 32 of SEBI (Listing
Obligations and Disclosure Requirements) Regulation, 2015 for the Quarter Ended September 30, 2026.
Dear Sir/Madam,
Pursuant to Regulation 32 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015, as amended, please find enclosed herewith the Statement of Deviation or Variation in Urlisation of Funds
mised through the Initial Public Offering (“IPO”) of the Company for the quarter ended September 30, 2026.
We confirm that there has been no deviation or vasiation in the utilisation of the IPO proceeds from the objects stated in the
Prospectus of the Company.
We request you to kindly take the above information on record.
Thanking You,
For Steamhouse India Limited
Shyam Bhadresh Kapadia
Company Secretary & Compliance Officer
FCS No.: 13082
Encl.: As above.
STEAMHOUSE INDIA LIMITED
CIN: 140300GJ2015PLC083493
Contact No.: +91 9099512222, 0261-2998109 | Email Id: compliance@steamhouse.in| Website: www.steamhouse.in.
Registered office address: Office No. — 324, Second Floor, Fou Point, V.IP. Road, Vesu, Surat-395007, Gujazat.
STEAMHOUSE INDIA LIMITED
7‘ s teamhouse®
ANNEXURE -A
STATEMENT OF DEVIATIONNARIATION IN UTILISATION OF FUNDS RAISED THROUGH PUBLIC
ISSUE FOR THE QUARTER ENDED SEPTEMBER 30, 2026
Particulars Details
Name of the Listed Entity Steamhouse India Limited
Mode of Fund Raising Public Tssuc - Initial Public Offering (IPO)
Date of Raising Funds
September 17, 2026
Amount Raised Fresh Issue - Rs. 3,530 million
Report filed for Quarter ended September 30, 2026
Monitoring Agency Applicable
Monitoring Agency Name, if applicable CRISIL Ratings Limited
Is there a Deviation/Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms ofa contract or | Not Applicable
objects, which was approved by the shareholders
If Yes, Date of shareholder Approval Not Applicable
Explanation for the Deviation/ Variation Not Applicable
Comments of the Audit Committee after review Nil
Comment of the Auditors, if any Nil
STATEMENT OF UTILISATION OF FUNDS AS ON SEPTEMBER 30, 2026
Original Object | Modified | Original | Modified Funds Amount of Remarks, if
Object,i | Allocation | Allocation | Utilized | Deviation/Variation any
any (Rs.In (Rs. In (Rs. In for the quarter
million) million) million) according to
applicable object
Repayment or Not 1,800.00 1,800.00 141895 Not Applicable Not
prepaymofe alnl tor | Applicable Applicable
a portion of certain
outstanding
borrowings
Funding capital Not B B B Not Applicable Not
expenditure Applicable Applicable
requirements for
augmenting
infrastructure
development of the
Company towards
= capacity Not 379.77 379.77 B Not Applicable Not
expansoif othne | Applicable Applicable
Ankleshwar
Facility (Phase
- capacity Not 379.76 379.76 5.00 Not Applicable Not
expansoif othne | Applicable Applicable
Pancli Facility
(Phas2e)
Funding capital Not 38174 38174 B Not Applicable Not
expenditure in | Applicable Applicable
wlation to the
setting up of a
manufacturing
facility for
gencration of steam
at_Dahej GIDC
STEAMHOUSE INDIA LIMITED
CIN: 140300G]J2015PLC083493
Contact No.: +91 9099512222, 0261-2998109 | Email Id: compliance@steamhouse.in| Website: www.steamhouse.in.
Registered office address: Office No. — 324, Second Floor, Fou Point, V.IP. Road, Vesu, Surat-395007, Gujazat.
STEAMHOUSE INDIA LIMITED 4 steamhouse”
(Phase 2)
General corporate Not 231.25 285.79 27075 Not Applicable Tncrease
purposes Applicable pursuant to
rectification of
inadvertenty
disclosed issue
expenses
(Refer Note
below)
Net Proceeds Not 317252 3,225.06 1,694.70 Not Applicable Refer note
Applicable below
Tssue Espense Not 357.48 304.94 20017 Not Applicable Decrease
Applicable pursuant to
rectification of
inadvertenty
disclosed issue
expenses
(Refer Note
below)
Gross Proceeds Not 3,530.00 3,530.00 1,894.87 Not Applicable Not
Applicable Applicable
Notes: It was observed that the estimated offer-related expenses attributable to the Fresh Issue were inadvertently disclosed in
Prospectus as Rs 357.48 million instead of the correct amount of Rs 304.94 million, on account of an inadvertent clubbing of
expenses pertaining to the Fresh Issue and the Offer for Sale. Upon obtaining an independent legal opinion dated October 23,
2026, from Shreyansh Jain, Practicing Company Secretary (membership no. F7105), the Company has rectified the disclosure
and revised the Fresh Issue espense amount to Rs 304.94 million. Accordingly, the General corporate purposes have increased
from Rs 231.25 million to Rs 283.79 million, resulting in a corresponding increase in the net proceeds from Rs 3,172.52 million
Deviation or variation could mean:
(a) Deviation in the objects or purposes for which the funds have been raised or
(b) Deviation in the amount of funds actually utilized as against what was originally disclosed or
(c) Change in terms of a contract referred to in the fund-raising document i.e. prospectus, letter of offer, etc.
For Steamhouse India Limited
For STEAMHOUSE INDIA LIMITED
Direc/ tAuothro,
Lalankumar Dayanand Yadav
Executive Director
DIN: 07893781
Date: October 29, 2026
Place: Surat
STEAMHOUSE INDIA LIMITED
CIN: 140300GJ2015PLC083493
Contact No.: +91 9099512222, 0261-2998109 | Email Id: compliance@steamhouse.in| Website: www.steamhouse.in.
Registered office address: Office No. — 324, Second Floor, Fou Point, V.IP. Road, Vesu, Surat-395007, Gujazat.