BSECompany Update4d ago · 12 Aug 2026, 01:00 pm
Statement of Deviation for the Quarter ended on June30,2026
Patel Retail Ltd · 544487
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Patel Retail Ltd has submitted a statement of deviation for the quarter ended June 30, 2026, citing a deviation in the utilization of funds raised through a public issue and private placement. The actual net proceeds from the issue were Rs. 189.21 crore, exceeding issue-related expenses by Rs. 12.86 crore, and Rs. 15 crore was raised through private placement. The company has not utilized the funds for the original objects as disclosed in the prospectus.
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Patel Retail Ltd - 544487 - Statement Of Deviation For The Quarter Ended On June 30, 2026.
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Ref: PRL/BSE&NSE/2026-2027/29.
Wednesday, August 12, 2026
To, To,
Department of Corporate Services The Listing Department
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Bandra
Dalal Street, Fort, Kurla Complex, Bandra (East),
Mumbai 400 001. Mumbai - 400 051.
Scrip Code: 544487 Symbol: PATELRMART
Subject: Statement of Deviation for the Quarter ended on June 30, 2026.
Respected Sir/Madam,
Pursuant to Regulation 32 of Securities Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulation”) for the statement
of deviation certificate for the Quarter ended on June 30, 2026.
This submission also will also be disseminated on the company website
https://patelrpl.in/investor-relations/
We request you to kindly take the same on record.
Yours Sincerely,
For Patel Retail Limited
Prasad Ramesh Khopkar
(Company Secretary)
Enclosure: Statement of Deviation certificate for the Quarter ended on June 30, 2026.
Page 1 of 1
Annexure "A"
Statement on deviation / variation in utilisation of funds raised
Name of listed entity Patel Retail Limited
Mode of Fund Raising Public Issues / / referential issues / QR / Others
(IPO) August 22,2025, (Pre-IPO) November 27, 2024 (Being basis of
allotment)
Date of Raising Funds
189.21 Crore (As disclosed in the Prospectus/Offer Document, the
estimated net proceeds from the issue were 190.47 Crore, excluding
issue-related expenses. However, the actual net proceeds amounted to
189.21Crore, Os the issue-related expenses incurred exceeded the
estimated amount by 1,2686 Crore]", Further, 15 Crore was raised
through Pre-PO Placement/Private PIocement OS disclosed In the
Prospectus." (Aggregate of net proceeds from public issue and privote
Amount Raised l placement amounts to 204.21 Crore ( 189.21 + 15),
Report filed for Quarter ended Tuesdav, June 30,2026
Monitorina Agency Applicable /
Monitoring Agency Name, if applicable ICRA Limited
ls there a Deviation / Variation in use of funds raised NO
If yes, whether the same Is pursuant to change In terms of a
contract or objects, which was approved by the
shareholders NA
If Yes, Date of shareholder Apnoroval NA
Explanation for the Deviation / Variation NA
comments of the Auditor Committee, after review if any NA
comments of the auditors, if any None
Objects for which
funds have been
raised and where
there has been a
deviation, in the
following table
Amount of
Original Deviation/V ariatio
Modified Allocation Modified Funds utilised n for the quarter
Object, (In Rs in allocation (In Rs in 191.26 according to
Oriainal Obiect If anv 204.21 Crore) , If any Crore) applicable obiect Remarks if anv
Repayment/ NII Rs.59.00 Nil Rs.59.00 NII NA
prepayment, in full
or part of certain
borrowings availed
bv our Comoanv
Funding of working NII Rs.115.00 NII Rs. 115.00 Nil NA
Capital
requirements of the
Company
Nil Rs.30.21 NII Rs.17.26 NII NA
General Corporate
purpose
Deviation or variation could mean:
(al Deviation in the obiects or purposes for which the funds have been raised or
(bl Deviation in the amount of funds actually utilized as aaainst what was oriainaily disclosed or
(c) Chanae in terms of a contract referred to in the fund-raisina document i.e. prospectus, letter of offer, etc. .
For Patel Retail Limited
Hitesh Bhishamlal Sawlani